The Philippine Deposit Insurance Corporation (PDIC) recently launched the PDIC Regulatory Issuances and Bulletins, a compendium of the Corporation’s regulations on bank operations and deposit insurance, in simple ceremonies attended by officers from the Bankers Association of the Philippines (BAP), Chamber of Thrift Banks (CTB), and the Rural Bankers Association of the Philippines (RBAP). Also present were PDIC Directors Rogelio Manalo and Protacio Tacandong; Bangko Sentral ng Pilipinas (BSP) Managing Director Chuchi Fonacier, RBAP Past President Corazon Miller, and other bankers.
PDIC President Valentin A. Araneta said that the Compendium serves as the member-banks’ guide in ensuring compliance to PDIC rules and regulations in their respective organizations, citing that the member-banks are PDIC’s partners in enhancing the public awareness of deposit insurance protection for depositors.
The Compendium contains Regulatory Issuances and Bulletins to member-banks. Regulatory Issuances provide specific guidelines on new rules and regulations being implemented by the Corporation, while the Bulletins are latest notices and announcements concerning reportorial requirements and other deposit insurance issues.
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Article is lifted from the Banking and Finance Section of Malaya Business Insight.