Senate probe into ‘potential risks’ of proposed Landbank-DBP merger sought

  • 📰 gmanews
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 68%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

A resolution seeking to investigate the 'potential risks' of the proposed merger of the Landbank of the Philippines and the Development Bank of the Philippines has been filed in the Senate.

A resolution seeking to investigate the "potential risks" of the proposed merger of the Landbank of the Philippines and the Development Bank of the Philippines has been filed in the Senate.

"The Senate needs to look into concerns [about] the potential risks the contemplated merger may bring to the stability of the banking industry and the economy, as the consolidation of these banks to form the largest bank in the country could concentrate risks and increase vulnerability to financial market stress and economic shocks," Gatchalian said in his resolution.

But Gatchalian noted the appeal of the DBP to the GCG’s study, arguing that the latter did not study the propriety of the merger and that the legal authority of the GCG is at best recommendatory and not binding on any government agency.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 11. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Philippines all-business after upset win over New Zealand, says coach“We had some luck but we also earned our luck,” says coach Alen Stajcic after the Philippine women’s team fulfilled its promise to crash the World Cup party. FIFAWWC
La source: rapplerdotcom - 🏆 4. / 86 Lire la suite »