Philippines, Mongolia deposit insurers sign pact for bank resolution

It includes cooperation on receivership liquidation risk management and premium assessment.

The Philippine Deposit Insurance Corporation (PDIC) has signed a new cooperation agreement with the Deposit Insurance Corporation of Mongolia (DICoM), expanding its network of international partnerships in the deposit insurance sector.

The Memorandum of Understanding (MOU), the first between the two agencies, was signed in November 2025 during the International Association of Deposit Insurers (IADI) Annual Conference in Lisbon. 

The agreement will run for five years and may be extended for another five years by mutual consent. It was signed by PDIC President and CEO Roberto B. Tan and Amar Lkhagvasuren, a board member of Mongolia’s National Deposit Insurance Committee.

Under the MOU, the two agencies will cooperate and share expertise on core deposit insurance functions, including bank resolution, receivership and liquidation, risk management, premium assessment and fund management. 

The agreement also covers cooperation on information technology systems for database administration, legal and administrative processes, and public awareness programmes for depositors.

The partnership allows both agencies to exchange views on the implementation of international deposit insurance standards, with the aim of strengthening their ability to respond to emerging financial risks. 

It also provides for joint activities such as research projects, senior-level study visits, training programmes and technical exchanges.

PDIC has existing cooperation arrangements with deposit insurers in Germany, Indonesia, Japan, Kazakhstan, Malaysia, Russia, South Korea, Thailand, the United Kingdom, the United States and Vietnam.