The Philippine Securities and Exchange Commission, as part of the Financial Sector Forum (FSF), announced the completion of the FSF’s Fourth Financial Conglomerate Supervisory College, a joint supervisory programme designed to strengthen the consolidated monitoring of financial conglomerates. The fourth college commenced in October 2024 and its results were presented to FSF principals at a meeting on 30 May 2025. The supervisory college process involves months-long cross-agency work by the Bangko Sentral ng Pilipinas (BSP), SEC, Insurance Commission and Philippine Deposit Insurance Corporation to assess key risks at the conglomerate level, align supervisory risk assessment frameworks, and develop a joint supervisory plan setting supervisory activities, timelines and responsibilities, with a focus on subsidiaries and affiliates with material contributions to the conglomerate’s business and strategy. The programme builds on earlier colleges that introduced standardised supervisory policies and structured data analysis, including the use of the Reference Guide for Risk Assessment and shared templates. FSF principals agreed to conduct a fifth supervisory college starting in the second half of 2025.

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