KNOWLEDGE AND INFORMATION-SHARING. The Philippine Deposit Insurance Corporation (PDIC) and the Financial Services Compensation Scheme Limited (FSCS) of the United Kingdom signed an agreement on cross border cooperation on March 11, 2015 in Bogota, Colombia. Recognizing that depositor protection is a key element for maintaining financial stability and consumer protection, the deposit insurers entered into a partnership to strengthen cooperation, promote mutual development and improvement, and support regional and global financial stability. Under the said partnership, the deposit insurers will work together to assist each other on relevant cross border issues to the extent permitted by each country’s laws, rules and regulations. From left to right are FSCS Representatives Karen Gibbons (Head of Policy and External Affairs) and Alex Kuczynski (Director of Corporate Affairs); and PDIC Officers President Cristina Que Orbeta and Ma. Ana Carmela Villegas (PDIC Senior Vice President, Receivership and Liquidation Sector).

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