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  • PDIC pushes reforms to expand deposit insurance, strengthen financial safety net

    PDIC pushes reforms to expand deposit insurance, strengthen financial safety net

    MANILA— The Philippine Deposit Insurance Corporation (PDIC) is seeking legislative reforms to expand depositor protection, speed up claims payments and strengthen the country’s ability to respond to financial shocks. The state deposit insurer recently held a two-day government stakeholder consultative workshop to discuss proposed amendments to its charter aimed at making the Philippine deposit insurance…