The Financial Sector Forum (FSF) concluded its fourth Financial Conglomerate Supervisory College, an initiative aimed at strengthening the monitoring of financial conglomerates and maintaining financial system stability, the Bangko Sentral ng Pilipinas (BSP) said Friday.
In the latest supervisory college, which took place over a seven-month period, Philippine financial regulators conducted discussions and studies that provided an oversight of the key risks faced by each financial conglomerate.
The BSP said the college commenced in October 2024 and concluded in May 2025 with the presentation of its results during the FSF Principals’ meeting.
Both the college and the FSF included the BSP, the Securities and Exchange Commission (SEC), the Insurance Commission (IC) and the Philippine Deposit Insurance Corp. (PDIC). They focused on harmonizing their supervisory risk assessment frameworks and developing a supervisory plan that prioritizes a conglomerate’s subsidiaries and affiliates.
“The supervisory college program demonstrates our commitment to effective oversight of financial conglomerates through collective action. Sustained collaboration enables us to advance a harmonized, cross-sectoral approach to managing conglomerate risks,” said BSP Governor Eli Remolona Jr., who is also the chairman of the FSF and leader of the supervisory college.
