Splet21. feb. 2024 · The new PDIC charter, he said, will streamline the operation of the PDIC so it can focus on its core function of securing the deposits of the public by providing insurance coverage for banks. From being an attached corporation of the Department of Finance (DOF), the PDIC will now be under the jurisdiction of the BSP. Splet29. apr. 2009 · An Act increasing the maximum deposit insurance coverage, and in connection therewith, to strengthen the regulatory and administrative authority, and financial capability of the Philippine Deposit Insurance Corporation (PDIC), amending for this purpose Republic Act numbered Three thousand five hundred ninety-one, as …
Bankers support proposed PDIC charter amendments
Splet22. sep. 2024 · Designation of PDIC as receiver of closed non-bank financial institutions. Currently, there are proposed measures on amending the PDIC charter pending in both … Splet22. sep. 2024 · In a briefing on Wednesday, BSP Governor Benjamin Diokno said the proposed amendments to the PDIC Charter are expected to improve coordination between the bank regulator, and the deposit insurer and bank receiver. This is seen to strengthen supervision of banks and support financial stability. proving vicarious liability debt buyer
P H I L I P P I N E D E P O S I T I N S U R A N C E C O R P O R AT I O N
Splet26. mar. 2024 · Both the PDIC and the BSP may look into deposit records of a bank, with bank officials and employees required to disclose the information. Bayan Muna Rep. Carlos Isagani T. Zarate, who voted against the bill’s approval, said the new charter of the PDIC expands the BSP’s powers to examine deposit accounts and “indirectly amends the Bank … Splet22. feb. 2024 · Senator Sonny Angara said today that the latest amendments to the Philippine Deposit Insurance Corporation (PDIC) charter will result in a stronger and more … Splet1. PDIC Law (Republic Act 3591, As Amended) BRIEF BACKGROUND - Government instrumentality created in 1963 by virtue of R. 3591 - PDIC is an attached agency of the Department of Finance - Latest amendments are contained in R. empowered PDIC with stronger authorities to protect the depositing public and promote financial stability PDIC … proving whats possible altavista va