The Financial Sector Forum (FSF), comprising the Bangko Sentral ng Pilipinas, Securities and Exchange Commission, Philippines Insurance Commission and Philippine Deposit Insurance Corporation, announced it has concluded its Fourth Financial Conglomerate Supervisory College to strengthen cross-sector monitoring of financial conglomerates and support financial system stability. The college commenced in October 2024, with results presented to FSF principals on 30 May 2025. The programme involves months-long joint discussions and studies to assess key risks for each conglomerate, align supervisory risk assessment frameworks using the Reference Guide for Risk Assessment, and develop a supervisory plan that prioritises subsidiaries and affiliates with material contributions to the group’s business and strategy, including defined activities, timelines and agency responsibilities. The fourth college also built on earlier work to standardise policies and data analysis through shared risk assessment and reporting templates. FSF members agreed to conduct a fifth supervisory college starting in the second half of 2025.
Philippines Insurance Commission 2025-08-22
Philippines Insurance Commission and Financial Sector Forum complete fourth financial conglomerate supervisory college and plan a fifth in the second half of 2025
The Financial Sector Forum, including the Bangko Sentral ng Pilipinas and the Philippines Insurance Commission, concluded its Fourth Financial Conglomerate Supervisory College to enhance cross-sector monitoring and financial stability. The college involved discussions to assess risks, align supervisory frameworks, and develop a supervisory plan prioritizing key subsidiaries. A fifth supervisory college is planned for the second half of 2025.