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Saturday, April 20, 2024

Fintech oversight

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Financial sector regulators sign a memorandum of agreement under the auspices of the Financial Sector Forum on the establishment of a Cooperative Oversight Framework on financial technology innovation. Joining the virtual signing ceremony are (clockwise, from top left) Bangko Sentral ng Pilipinas Governor Benjamin Diokno, Insurance Commissioner Dennis Funa, Philippine Deposit Insurance Corp. president and chief executive Roberto Tan and Securities and Exchange Commission chairman Emilio Aquino. The framework aims to facilitate seamless regulation and supervision of fintech companies across the financial sector leveraging on the consultative and collaborative platform under the MOA.

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