Clients' money must be protected

By Philippine News Agency

May 28, 2023 12:13 am

BANGKO Sentral ng Pilipinas (BSP) Governor Felipe Medalla likened bank owners to public servants, saying the former's job is to protect their depositors' money.

In his speech during the launch of the book 'Banking Laws of the Philippines — Annotated' at the Central Bank's main office in Manila on Friday night, Medalla underscored the need to update banking laws to cope with the rapid changes, both in the law and financial innovations.

BANGKO Sentral ng Pilipinas (BSP) Governor Felipe Medalla. File Photo

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

'Too soon to declare victory'

Trump policies raise worries for Fed execs

PH trade shortfall narrows in November

PSEi rebounds; peso down anew

US policy worries hit Asian currencies, stocks

Laguna hydro plant auction set for April

Standard fees eyed for digital transactions