MANILA – The Philippine Deposit Insurance Corporation (PDIC) and the Office of the Solicitor General (OSG) have signed a Memorandum of Agreement (MOA) to enhance enforcement of banking laws and streamline the handling of criminal cases against erring bank officials.

The agreement was signed by PDIC President and CEO Roberto B. Tan and Solicitor General Darlene Marie B. Berberabe during a ceremony at the OSG Building in Makati City on August 7, 2025. Also present were PDIC General Counsel Maria Antonette I. Brillantes-Bolivar and Assistant Solicitor General Ma. Antonia Edita C. Dizon.

The MOA establishes a framework for coordinated action in criminal cases elevated to the Court of Appeals or the Supreme Court. The OSG is also expected to extend other legal services as required by PDIC and to create a task force for better coordination and efficient handling of referred cases.

“This Agreement represents more than just institutional cooperation – it is a commitment to upholding justice, protecting depositors, and preserving public trust in our financial system,” the PDIC and OSG said in a joint statement.

Tan described the agreement as a milestone in the agencies’ shared commitment “to uphold justice and integrity in public trust and the financial system.”

For her part, Berberabe said the OSG is “committed to providing help and assistance” not only with criminal cases but also in preventing litigation.

As a government instrumentality, PDIC has the authority to file criminal cases to safeguard the interests of depositors and maintain confidence in the banking system against illegal schemes punishable under the Revised Penal Code.