With the rapid advancements in financial systems in both the domestic and global arena, it has become imperative for financial regulators to be attuned with the times. These developments have created new channels wherein financial crises may traverse; crossing national borders as well as economic sectors.

The whole rural banking industry is one with the Bangko Sentral ng Pilipinas (BSP) and the Philippine Deposit Insurance Corporation (PDIC) in hoping that the proposed amendments to their respective charters receive adequate attention from legislators during the 16th Congress.

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