PDIC Plans and Updates

  • April 20, 2017 - April 21, 2017
    4:00 pm - 1:00 am

The PDIC is a regulatory body attached to the Department of Finance created in 1963 by virtue of Republic Act 3591 for the provision of insurance benefits to all banks, branches, and subsidiaries of foreign banks operating in the Philippines.  In 2015, PDIC signed a cross-border agreement with the Financial Services Compensation Scheme Limited (FSCS) of the United Kingdom.  Likewise, on 2014, PDIC entered into a cross-border partnership with the Korean Deposit Insurance Corporation and the Deposit Protection Agency of Thailand.

The Philippine Deposit Insurance Corporation (PDIC) will present to the members of Amcham its plans and updates and new legal framework that may possibly affect the institutions under the jurisdiction of PDIC.

About the Speaker

Mr. Roberto B. Tan

President, Philippine Deposit Insurance Corporation

Roberto B. Tan was appointed President of the Philippine Deposit Insurance Corporation (PDIC) on February 3, 2017.

Prior to PDIC, Mr. Tan headed the Philippines’ Bureau of the Treasury in 2008 – 2012 and 2015 – 2017. As Philippine National Treasurer, he was responsible for directing the formulation of policies on borrowing, investment and capital market development, and on operations guidelines for fiscal and financial policies. Concurrent to his position as National Treasurer, he was also Officer-in-Charge of the Department of Finance’s International Finance Group in 2015 – 2016.

Mr. Tan’s extensive experience in public finance comes from over 25 years with the Philippine Department of Finance. He joined the Department in 1991 as Director of the International Finance Group and rose to the rank of Undersecretary in 2005. In his capacity as Undersecretary, he served as an Alternate Member of the Board of several government agencies including the Monetary Board of the Bangko Sentral ng Pilipinas.

He was also Executive Director of The World Bank Group and Affiliates in Washington, D.C. in 2012 – 2015, and Advisor to the Executive Director of the Asian Development Bank Board in 1995 – 1998.

Mr. Tan holds a Master’s degree in Economics from Fordham University, New York, USA where he also pursued doctorate studies. He also holds a Master’s degree in Business Administration from the Ateneo de Manila University where he likewise received his Bachelor’s degree in Economics.


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