Publication:
Financial Sector Assessment Program Update : Assessment of Philippines Deposit Insurance Corporation

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dc.contributor.authorInternational Monetary Fund
dc.contributor.authorWorld Bank
dc.date.accessioned2013-10-03T16:36:40Z
dc.date.available2013-10-03T16:36:40Z
dc.date.issued2011-02
dc.description.abstractThe global economic and financial sector crisis of 2008-09 became a stark reminder to countries around the world of the need for an effective process for maintaining the confidence of depositors and resolving troubled financial institutions with the least amount of adverse impact on the financial sector and the community served by the institutions. The role of deposit insurance was highlighted during this difficult time. Nations without a formal system found the need to reassure their citizens by announcing formal government guaranties. Nations with established systems were not immune from the public's concern and as a result many increased the allowable coverage. The Philippines, although somewhat immune from the global crisis, none the less felt the impact of the crisis and responded, as did other countries, by taking steps to address the possible impact of the crisis by bolstering depositor confidence. The Philippines stands out among its Asian neighbors at being in the forefront of deposit insurance. Long before deposit insurance became popular at the peak of the Asian financial crisis of the late 1990's, the Philippines already had an established formal deposit insurance system. The Philippine Deposit Insurance Corporation (PDIC) is a government instrumentality. It was established in June 1963 with the passage of Republic Act (RA) 3591. The role of PDIC at that time was to help build the banking sector by encouraging citizens to save and to deposit those savings in the formal banking system. It was to do this by assuring depositors of the safety of their deposits by providing a government sponsored insurance of up to a P 10,000 per depositor in the event of a bank failure. The underlying motivation was to promote a safe and sound banking system and to foster public confidence in it.en
dc.identifierhttp://documents.worldbank.org/curated/en/2011/02/18019633/assessment-philippines-deposit-insurance-corporation
dc.identifier.doi10.1596/16057
dc.identifier.urihttps://hdl.handle.net/10986/16057
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS TO DEPOSIT
dc.subjectACCOUNTING
dc.subjectACCURATE INFORMATION
dc.subjectADMINISTRATIVE PROCEDURES
dc.subjectALL LIABILITIES
dc.subjectAMOUNT DUE
dc.subjectASPECTS OF DEPOSIT INSURANCE
dc.subjectASSET DETERIORATION
dc.subjectASSET RECOVERIES
dc.subjectASSOCIATION OF DEPOSIT INSURERS
dc.subjectAUDIT COMMITTEE
dc.subjectAUDITORS
dc.subjectAUDITS
dc.subjectBANK CLOSURE
dc.subjectBANK CUSTOMERS
dc.subjectBANK FAILURE
dc.subjectBANK FOR INTERNATIONAL SETTLEMENTS
dc.subjectBANK LIQUIDATIONS
dc.subjectBANK OWNERS
dc.subjectBANK SECRECY
dc.subjectBANK SUPERVISORS
dc.subjectBANKING ASSETS
dc.subjectBANKING LAWS
dc.subjectBANKING PRACTICE
dc.subjectBANKING PRACTICES
dc.subjectBANKING SECTOR
dc.subjectBANKING SERVICES
dc.subjectBANKING SUPERVISION
dc.subjectBLANKET GUARANTEE
dc.subjectBLANKET GUARANTEES
dc.subjectBOND
dc.subjectBRANCH NETWORK
dc.subjectBUSINESS BORROWER
dc.subjectCAPITAL MARKETS
dc.subjectCENTRAL BANK
dc.subjectCLAIM
dc.subjectCLAIM FORMS
dc.subjectCLOSED BANKS
dc.subjectCODE OF CONDUCT
dc.subjectCODE OF ETHICS
dc.subjectCOMMERCIAL BANKS
dc.subjectCONFLICTS OF INTEREST
dc.subjectCOOPERATIVE BANKS
dc.subjectCORPORATE GOVERNANCE
dc.subjectCOST OF DEPOSIT INSURANCE
dc.subjectCOVERAGE AMOUNT
dc.subjectCOVERAGE AMOUNTS
dc.subjectCOVERAGE LIMIT
dc.subjectCOVERAGE LIMITS
dc.subjectCREDIBILITY
dc.subjectCREDITORS
dc.subjectCREDITS
dc.subjectCRIMINAL ACTS
dc.subjectDEFALCATION
dc.subjectDEFAULTS
dc.subjectDEPOSIT
dc.subjectDEPOSIT ACCOUNT
dc.subjectDEPOSIT ACCOUNTS
dc.subjectDEPOSIT COVERAGE
dc.subjectDEPOSIT INSURANCE
dc.subjectDEPOSIT INSURANCE AGENCIES
dc.subjectDEPOSIT INSURANCE CLAIMS
dc.subjectDEPOSIT INSURANCE CORPORATION
dc.subjectDEPOSIT INSURANCE COVERAGE
dc.subjectDEPOSIT INSURANCE COVERAGE LIMIT
dc.subjectDEPOSIT INSURANCE FUND
dc.subjectDEPOSIT INSURANCE PROGRAM
dc.subjectDEPOSIT INSURANCE REGIME
dc.subjectDEPOSIT INSURANCE SYSTEM DESIGN
dc.subjectDEPOSIT INSURANCE SYSTEMS
dc.subjectDEPOSIT INSURER
dc.subjectDEPOSIT TAKING INSTITUTION
dc.subjectDEPOSIT TAKING INSTITUTIONS
dc.subjectDEPOSITOR
dc.subjectDEPOSITOR CONFIDENCE
dc.subjectDEPOSITORS
dc.subjectDEPOSITORY
dc.subjectDEPOSITS
dc.subjectDEPOSITS OF BANKS
dc.subjectDERIVATIVE
dc.subjectDERIVATIVE TRANSACTIONS
dc.subjectDEVELOPMENT BANKS
dc.subjectDISCLOSURE OF INFORMATION
dc.subjectEFFECTIVE DEPOSIT INSURANCE
dc.subjectEFFECTIVENESS OF DEPOSIT INSURANCE
dc.subjectESTATE
dc.subjectEXTENT OF COVERAGE
dc.subjectFAILING BANK
dc.subjectFAILURE RESOLUTION
dc.subjectFEDERAL DEPOSIT INSURANCE
dc.subjectFEDERAL DEPOSIT INSURANCE CORPORATION
dc.subjectFINANCIAL CONDITION
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL DIFFICULTIES
dc.subjectFINANCIAL DIFFICULTY
dc.subjectFINANCIAL INSTITUTION
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL STABILITY
dc.subjectFINANCIAL SYSTEM
dc.subjectFORBEARANCE
dc.subjectFOREIGN BANKS
dc.subjectFOREIGN BRANCHES
dc.subjectFORMAL BANKING SYSTEM
dc.subjectFORMAL DEPOSIT INSURANCE
dc.subjectFORMAL DEPOSIT INSURANCE SYSTEM
dc.subjectFRAUD
dc.subjectGENERAL OBSERVATIONS
dc.subjectGOOD FAITH
dc.subjectGOVERNANCE STRUCTURE
dc.subjectGOVERNMENT DEPOSITS
dc.subjectINDIVIDUAL DEPOSIT
dc.subjectINDIVIDUAL DEPOSITORS
dc.subjectINFLATION
dc.subjectINFORMATION DISSEMINATION
dc.subjectINSOLVENT
dc.subjectINSTITUTIONS FOR DEPOSIT
dc.subjectINSURABLE DEPOSIT
dc.subjectINSURANCE FUND
dc.subjectINSURED BANK
dc.subjectINSURED BANKS
dc.subjectINSURED COVERAGE
dc.subjectINSURED DEPOSIT
dc.subjectINSURED DEPOSITORS
dc.subjectINSURED DEPOSITORY INSTITUTION
dc.subjectINSURED DEPOSITORY INSTITUTIONS
dc.subjectINSURED DEPOSITS
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL SETTLEMENTS
dc.subjectINTERPRETATION OF LAWS
dc.subjectINVENTORY
dc.subjectINVENTORY OF ASSETS
dc.subjectINVESTMENT POLICY
dc.subjectJUDGES
dc.subjectJUDICIAL PROCESS
dc.subjectJUDICIARY
dc.subjectJURISDICTIONS
dc.subjectLEGAL ACTIONS
dc.subjectLEGAL FRAMEWORK
dc.subjectLEGAL PROTECTION
dc.subjectLEGISLATION
dc.subjectLENDER
dc.subjectLEVEL OF COVERAGE
dc.subjectLIABILITY
dc.subjectLIMITED COVERAGE
dc.subjectLIMITED COVERAGE SYSTEM
dc.subjectLINES OF CREDIT
dc.subjectLIQUIDATION
dc.subjectLIQUIDATION OF ASSETS
dc.subjectLIQUIDITY
dc.subjectLOAN
dc.subjectLOAN ASSOCIATIONS
dc.subjectLOAN PAYMENTS
dc.subjectLOCAL GOVERNMENT
dc.subjectMANDATE
dc.subjectMANDATES
dc.subjectMANDATORY DEPOSIT INSURANCE
dc.subjectMANDATORY PARTICIPATION
dc.subjectMONETARY FUND
dc.subjectMORAL HAZARD
dc.subjectMORAL HAZARD RISK
dc.subjectMORTGAGE
dc.subjectMORTGAGE BANKS
dc.subjectNUMBER OF BANKS
dc.subjectOBJECTIVES FOR DEPOSIT INSURANCE
dc.subjectOBLIGATIONS TO DEPOSITORS
dc.subjectOPEN BANK
dc.subjectOPEN BANKS
dc.subjectPENALTIES
dc.subjectPRIVATE BANKS
dc.subjectPROMPT CORRECTIVE ACTION
dc.subjectPROMPT CORRECTIVE ACTIONS
dc.subjectPROMPT PAYMENT
dc.subjectPRUDENTIAL REGULATIONS
dc.subjectPUBLIC CONFIDENCE
dc.subjectPUBLIC FUNDS
dc.subjectPUBLIC POLICY
dc.subjectRECEIVER
dc.subjectRECEIVERSHIP
dc.subjectRECORD KEEPING
dc.subjectREGULATORY SYSTEM
dc.subjectREHABILITATION PLAN
dc.subjectREHABILITATION PLANS
dc.subjectRESERVE REQUIREMENTS
dc.subjectRIGHT OF SUBROGATION
dc.subjectRISK MANAGEMENT
dc.subjectRISK TAKING
dc.subjectROLE OF DEPOSIT INSURANCE
dc.subjectRURAL BANKS
dc.subjectSAFETY NET
dc.subjectSALARIES
dc.subjectSALARY
dc.subjectSAVINGS
dc.subjectSAVINGS BANKS
dc.subjectSETTLEMENT
dc.subjectSMALL BUSINESS
dc.subjectSMALL BUSINESSES
dc.subjectSMALL DEPOSITORS
dc.subjectSOVEREIGN GUARANTEE
dc.subjectSPECIAL ASSESSMENTS
dc.subjectSUBROGATION
dc.subjectSUPERVISORY POWERS
dc.subjectTRANSFER OF DEPOSITS
dc.subjectUNINSURED DEPOSITOR
dc.subjectUNSOUND BANKING
dc.subjectVOLUME OF DEPOSITS
dc.titleFinancial Sector Assessment Program Update : Assessment of Philippines Deposit Insurance Corporationen
dspace.entity.typePublication
okr.date.disclosure2013-07-18
okr.date.doiregistration2025-05-07T09:53:12.172861Z
okr.doctypeEconomic & Sector Work::Financial Sector Assessment Program (FSAP)
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2011/02/18019633/assessment-philippines-deposit-insurance-corporation
okr.globalpracticeFinance and Markets
okr.guid668131468095657359
okr.identifier.externaldocumentum000333037_20130718144224
okr.identifier.internaldocumentum18019633
okr.identifier.report79234
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2013/07/18/000333037_20130718144224/Rendered/PDF/792340WP0Phili0Box0377370B00Public0.pdfen
okr.region.administrativeEast Asia and Pacific
okr.region.countryPhilippines
okr.sectorFinance :: General finance sector
okr.themeRule of law :: Legal institutions for a market economy
okr.themeFinancial and private sector development :: Regulation and competition policy
okr.themeFinancial and private sector development :: Standards and financial reporting
okr.themeFinancial and private sector development :: Other financial and private sector development
okr.themeTrade and integration :: International financial architecture
okr.topicFinance and Financial Sector Development::Deposit Insurance
okr.topicBanks and Banking Reform
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicFinance and Financial Sector Development::Bankruptcy and Resolution of Financial Distress
okr.unitFinancial Sector Assessment Prog (FFSFP)
okr.volume1 of 1
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