Financial regulators sign a memorandum of agreement to implement a more efficient and streamlined process for merger, consolidation, and acquisition among banks. Leading the signing of the agreement are (first row, from left) Bangko Sentral ng Pilipinas Governor Benjamin Diokno and Philippine Deposit Insurance Corp. president and chief executive Roberto Tan (second row, from left) Cooperative Development Authority chairperson Joseph Encabo, Philippine Competition Commission chairperson Arsenio Balisacan and Securities and Exchange Commission chairperson Emilio Aquino.
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