News Formal

Finance officials sign IRR for PDIC Charter - BusinessMirror

  • 📰 BusinessMirror
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 59%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

The PDIC announced recently that its president and CEO Roberto B. Tan, Bangko Sentral ng Pilipinas Governor Felipe M. Medalla and Finance Secretary Benjamin E. Diokno has signed the Implementing Rules and Regulations for Republic Act (RA) 11840.

“The amendments are seen to result in a stronger deposit insurance system for the benefit of the depositing public,” a statement by the PDIC read.

Additionally, the state deposit-insurer is now mandated to provide insurance cover to Islamic bank products or arrangements classified as deposits by the BSP. The PDIC can now also sell closed bank assets to financial institution strategic transfer corporations . Specifically created under the FIST Act, FISTCs can purchase the non-performing assets of financial institutions including loans and real and other properties acquired , both of which comprise the biggest chunks of assets held by the PDIC as the statutory liquidator of closed banks.

“We will continue to support reforms geared towards the strengthening of the financial sector, with an emphasis on improving regulatory practices and promoting good governance and adherence to global best practices,” the chairman of the PDIC Board of Directors said.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 19. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Global Dominion Financing Inc. finds the right Ka-partner in Globe Business - BusinessMirrorThese days, majority of businesses have successfully adapted to pandemic-driven market changes. By embracing digitalization, financial institutions like Global Dominion Financing Incorporated (GDFI) are able to gracefully transform into future-proof enterprises. GDFI—a homegrown company that aims to provide Filipinos with easy and affordable loan products and services—credits its success to strong partnerships formed throughout the
출처: BusinessMirror - 🏆 19. / 59 더 많은 것을 읽으십시오 »

China stocks fall as grim reality grips traders after holidays - BusinessMirrorChinese stocks fell on their return from the Golden Week holiday, hurt by a bleak holiday-spending data that deepened concerns about an economic recovery amid rising Covid cases. The benchmark CSI 300 Index dropped as much as 2 percent to head for its lowest close since April 2020. Tech and consumer staple drove the
출처: BusinessMirror - 🏆 19. / 59 더 많은 것을 읽으십시오 »