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  • PDIC seeks broader deposit insurance coverage, faster payouts under proposed reforms

    PDIC seeks broader deposit insurance coverage, faster payouts under proposed reforms

    MANILA — The Philippine Deposit Insurance Corporation (PDIC) is pursuing legislative reforms to expand deposit insurance coverage, speed up the payment of claims, and strengthen its ability to respond to financial crises. PDIC President and CEO Roberto B. Tan said the proposed amendments to the agency’s charter seek to modernize the country’s deposit insurance system…