TY  - BOOK
AU  - World Bank
PY  - 2013
DA  - 2013//
TI  - Financial Sector Assessment Program Update: Assessment of Philippines Deposit Insurance Corporation
PB  - World Bank
CY  - Washington, DC
KW  - ACCESS TO DEPOSIT
KW  - ACCOUNTING
KW  - ACCURATE INFORMATION
KW  - ADMINISTRATIVE PROCEDURES
KW  - ALL LIABILITIES
KW  - AMOUNT DUE
KW  - ASPECTS OF DEPOSIT INSURANCE
KW  - ASSET DETERIORATION
KW  - ASSET RECOVERIES
KW  - ASSOCIATION OF DEPOSIT INSURERS
KW  - AUDIT COMMITTEE
KW  - AUDITORS
KW  - AUDITS
KW  - BANK CLOSURE
KW  - BANK CUSTOMERS
KW  - BANK FAILURE
KW  - BANK FOR INTERNATIONAL SETTLEMENTS
KW  - BANK LIQUIDATIONS
KW  - BANK OWNERS
KW  - BANK SECRECY
KW  - BANK SUPERVISORS
KW  - BANKING ASSETS
KW  - BANKING LAWS
KW  - BANKING PRACTICE
KW  - BANKING PRACTICES
KW  - BANKING SECTOR
KW  - BANKING SERVICES
KW  - BANKING SUPERVISION
KW  - BLANKET GUARANTEE
KW  - BLANKET GUARANTEES
KW  - BOND
KW  - BRANCH NETWORK
KW  - BUSINESS BORROWER
KW  - CAPITAL MARKETS
KW  - CENTRAL BANK
KW  - CLAIM
KW  - CLAIM FORMS
KW  - CLOSED BANKS
KW  - CODE OF CONDUCT
KW  - CODE OF ETHICS
KW  - COMMERCIAL BANKS
KW  - CONFLICTS OF INTEREST
KW  - COOPERATIVE BANKS
KW  - CORPORATE GOVERNANCE
KW  - COST OF DEPOSIT INSURANCE
KW  - COVERAGE AMOUNT
KW  - COVERAGE AMOUNTS
KW  - COVERAGE LIMIT
KW  - COVERAGE LIMITS
KW  - CREDIBILITY
KW  - CREDITORS
KW  - CREDITS
KW  - CRIMINAL ACTS
KW  - DEFALCATION
KW  - DEFAULTS
KW  - DEPOSIT
KW  - DEPOSIT ACCOUNT
KW  - DEPOSIT ACCOUNTS
KW  - DEPOSIT COVERAGE
KW  - DEPOSIT INSURANCE
KW  - DEPOSIT INSURANCE AGENCIES
KW  - DEPOSIT INSURANCE CLAIMS
KW  - DEPOSIT INSURANCE CORPORATION
KW  - DEPOSIT INSURANCE COVERAGE
KW  - DEPOSIT INSURANCE COVERAGE LIMIT
KW  - DEPOSIT INSURANCE FUND
KW  - DEPOSIT INSURANCE PROGRAM
KW  - DEPOSIT INSURANCE REGIME
KW  - DEPOSIT INSURANCE SYSTEM DESIGN
KW  - DEPOSIT INSURANCE SYSTEMS
KW  - DEPOSIT INSURER
KW  - DEPOSIT TAKING INSTITUTION
KW  - DEPOSIT TAKING INSTITUTIONS
KW  - DEPOSITOR
KW  - DEPOSITOR CONFIDENCE
KW  - DEPOSITORS
KW  - DEPOSITORY
KW  - DEPOSITS
KW  - DEPOSITS OF BANKS
KW  - DERIVATIVE
KW  - DERIVATIVE TRANSACTIONS
KW  - DEVELOPMENT BANKS
KW  - DISCLOSURE OF INFORMATION
KW  - EFFECTIVE DEPOSIT INSURANCE
KW  - EFFECTIVENESS OF DEPOSIT INSURANCE
KW  - ESTATE
KW  - EXTENT OF COVERAGE
KW  - FAILING BANK
KW  - FAILURE RESOLUTION
KW  - FEDERAL DEPOSIT INSURANCE
KW  - FEDERAL DEPOSIT INSURANCE CORPORATION
KW  - FINANCIAL CONDITION
KW  - FINANCIAL CRISIS
KW  - FINANCIAL DIFFICULTIES
KW  - FINANCIAL DIFFICULTY
KW  - FINANCIAL INSTITUTION
KW  - FINANCIAL INSTITUTIONS
KW  - FINANCIAL STABILITY
KW  - FINANCIAL SYSTEM
KW  - FORBEARANCE
KW  - FOREIGN BANKS
KW  - FOREIGN BRANCHES
KW  - FORMAL BANKING SYSTEM
KW  - FORMAL DEPOSIT INSURANCE
KW  - FORMAL DEPOSIT INSURANCE SYSTEM
KW  - FRAUD
KW  - GENERAL OBSERVATIONS
KW  - GOOD FAITH
KW  - GOVERNANCE STRUCTURE
KW  - GOVERNMENT DEPOSITS
KW  - INDIVIDUAL DEPOSIT
KW  - INDIVIDUAL DEPOSITORS
KW  - INFLATION
KW  - INFORMATION DISSEMINATION
KW  - INSOLVENT
KW  - INSTITUTIONS FOR DEPOSIT
KW  - INSURABLE DEPOSIT
KW  - INSURANCE FUND
KW  - INSURED BANK
KW  - INSURED BANKS
KW  - INSURED COVERAGE
KW  - INSURED DEPOSIT
KW  - INSURED DEPOSITORS
KW  - INSURED DEPOSITORY INSTITUTION
KW  - INSURED DEPOSITORY INSTITUTIONS
KW  - INSURED DEPOSITS
KW  - INTERNATIONAL BANK
KW  - INTERNATIONAL SETTLEMENTS
KW  - INTERPRETATION OF LAWS
KW  - INVENTORY
KW  - INVENTORY OF ASSETS
KW  - INVESTMENT POLICY
KW  - JUDGES
KW  - JUDICIAL PROCESS
KW  - JUDICIARY
KW  - JURISDICTIONS
KW  - LEGAL ACTIONS
KW  - LEGAL FRAMEWORK
KW  - LEGAL PROTECTION
KW  - LEGISLATION
KW  - LENDER
KW  - LEVEL OF COVERAGE
KW  - LIABILITY
KW  - LIMITED COVERAGE
KW  - LIMITED COVERAGE SYSTEM
KW  - LINES OF CREDIT
KW  - LIQUIDATION
KW  - LIQUIDATION OF ASSETS
KW  - LIQUIDITY
KW  - LOAN
KW  - LOAN ASSOCIATIONS
KW  - LOAN PAYMENTS
KW  - LOCAL GOVERNMENT
KW  - MANDATE
KW  - MANDATES
KW  - MANDATORY DEPOSIT INSURANCE
KW  - MANDATORY PARTICIPATION
KW  - MONETARY FUND
KW  - MORAL HAZARD
KW  - MORAL HAZARD RISK
KW  - MORTGAGE
KW  - MORTGAGE BANKS
KW  - NUMBER OF BANKS
KW  - OBJECTIVES FOR DEPOSIT INSURANCE
KW  - OBLIGATIONS TO DEPOSITORS
KW  - OPEN BANK
KW  - OPEN BANKS
KW  - PENALTIES
KW  - PRIVATE BANKS
KW  - PROMPT CORRECTIVE ACTION
KW  - PROMPT CORRECTIVE ACTIONS
KW  - PROMPT PAYMENT
KW  - PRUDENTIAL REGULATIONS
KW  - PUBLIC CONFIDENCE
KW  - PUBLIC FUNDS
KW  - PUBLIC POLICY
KW  - RECEIVER
KW  - RECEIVERSHIP
KW  - RECORD KEEPING
KW  - REGULATORY SYSTEM
KW  - REHABILITATION PLAN
KW  - REHABILITATION PLANS
KW  - RESERVE REQUIREMENTS
KW  - RIGHT OF SUBROGATION
KW  - RISK MANAGEMENT
KW  - RISK TAKING
KW  - ROLE OF DEPOSIT INSURANCE
KW  - RURAL BANKS
KW  - SAFETY NET
KW  - SALARIES
KW  - SALARY
KW  - SAVINGS
KW  - SAVINGS BANKS
KW  - SETTLEMENT
KW  - SMALL BUSINESS
KW  - SMALL BUSINESSES
KW  - SMALL DEPOSITORS
KW  - SOVEREIGN GUARANTEE
KW  - SPECIAL ASSESSMENTS
KW  - SUBROGATION
KW  - SUPERVISORY POWERS
KW  - TRANSFER OF DEPOSITS
KW  - UNINSURED DEPOSITOR
KW  - UNSOUND BANKING
KW  - VOLUME OF DEPOSITS
AB  - The 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.
UR  - http://hdl.handle.net/10986/16057
LA  - English
ID  - 797608753
ER  -