UNION Bank of the Philippines and BDO Unibank Inc. have issued recommendations to the next administration for upgrading the financial system and making it more trustworthy and safer.

Justo Ortiz, UnionBank vice chairman, said during the bank's annual shareholders virtual meeting on Friday, 'Some of the things that I would think about as recommendations which are not necessarily a complete list would be, one, improving the information, communication and technology infrastructure to allow for digital ecosystems to flourish countrywide.'