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Jun 12, 2018 @ 17:52

Philippines partners with Russia to share notes on deposit insurance


These two nations hope to learn from each other.

The Philippine Deposit Insurance Corporation (PDIC) has signed a five-year agreement with the State Corporation Deposit Insurance Agency of the Russian
Federation (DIA).

PDIC President Roberto Tan flew all the way to Moscow in May to meet his counterpart DIA Russia General Director Yury Isaev and sign the deal.

“Under the agreement, PDIC and DIA Russia shall engage in the exchange of knowledge, experience and views on the implementation of internal standards towards a more effective deposit insurance system for both agencies,” the PDIC said in a statement.

This adds to similar agreements with Indonesia, Japan, Korea, Malaysia, Thailand, the United Kingdom, and the USA.

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