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Deposit Insurance and Financial Stability

Deposit Insurance and Financial Stability. Outline What PDIC is about Road Map Structure of the Banking System Going Forward. The Functions of PDIC 1. Depositor Protection through Deposit Insurance 2. The Management of the Deposit Insurance Fund (DIF)

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Deposit Insurance and Financial Stability

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  1. Deposit Insurance and Financial Stability

  2. Outline • What PDIC is about • Road Map • Structure of the Banking System • Going Forward

  3. The Functions of PDIC 1. Depositor Protection through Deposit Insurance 2. The Management of the Deposit Insurance Fund (DIF) 3. Bank Examination and Resolution 4. Receivership and Liquidation of closed banks 5. Financial Stability and Public Awareness

  4. PDIC Roadmap 2016 I. Early detection of bank weaknesses and fraud to prevent bank failure especially through fraud or mismanagement II. Strengthening the organization and enhancing the financial and service capabilities of PDIC III. Legislative agenda to pursue CBLA IV. Public Engagement V. Liquidation of non financial assets

  5. Early detection of bank weaknesses and fraud to prevent bank failure especially through fraud or mismanagement Strengthen Surveillance and Examination Capabilities Institutionalize regulatory and other sanctions against erring stockholders, directors, management and auditors of banks Vigorous legal action to punish the perpetuators of fraud and unsafe and unsound banking practices Organizational development and training of examiners including IT fraud detection capabilities

  6. II. Strengthening the organization and enhancing the PDIC’s financial and service capabilities • Business Process Reviews to constantly adapt to the challenges to deposit insurance and financial stability • Maintain a robust organizational framework including hiring, career pathingand training policies • IADI Core Principles

  7. III. Legislative agenda: Closed Bank Liquidation Act (CBLA) • Comprehensive law to govern the Takeover, Liquidation and Winding-Up of closed banks • Seamless transition through removal of the 90-day receivership period will be provided • Purchase and Assumption and Bridge Banking will be provided as additional modes of liquidation • PDIC’s authority on the Liquidation Process will be defined • Certain Exemptions to 1405

  8. IADI Core Principle No. 12 “In order for a deposit insurance system to be effective it is essential that the public be informed on an on-going basis about the benefits and limitations of the deposit insurance system.”

  9. www.pdic.gov.ph Information Dissemination Website

  10. Oversight on Interest Rates on Deposits

  11. Banking Industry Structure, by AreaAs of December 31, 2011

  12. Banking Industry Structure, by IslandAs of December 31, 2011

  13. Philippine Banking System Total Deposits as of March 2012

  14. Philippine Banking System Total Deposits, by Size of Accounts

  15. Take on the Presentation • Global & Technological Developments are shaping the Industry and Regulation. • Overhead and economies of scales and process management are very important. • Information is very important. • PDIC at your service.

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