(Provisional translation)
December 8, 2014
Financial Services Agency
The Exchange of Letters for Cooperation with the Bangko Sentral ng Pilipinas
- The Financial Services Agency and the Bangko Sentral ng Pilipinas concluded the Exchange of Letters for Cooperation (EOL) on December 8, 2014.
- In view of the growing globalization of the world’s financial markets and the increase in cross-border operations and activities of regulated entities, the EOL provides a formal basis to establish a cooperative relationship between the two authorities.
- Based on the EOL, in pursuance of the objective of promoting the development of sound financial regulatory mechanisms and financial markets, both authorities will work on sharing experience and information on legal/regulatory frameworks and developments relevant to financial products and financial markets.
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Office of International Affairs, Planning and Coordination Bureau
(ext. 2725, 2954)
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