Philippines: Financial stability council formally set up with clear lines of authority

The Financial Stability Coordination Council (FSCC) has been formally established following the recent signing by President Rodrigo Duterte of an executive order.

The FSCC is an interagency council composed of the Insurance Commission, the Bangko Sentral ng Pilipinas (BSP), the Department of Finance, the Securities and Exchange Commission, and Philippine Deposit Insurance Corp. It has been working informally for several years.



Source: asiainsurancereview.com