Sharing international experience, technical knowledge, and best practices for stronger deposit insurance systems, the Philippine Deposit Insurance Corporation (PDIC) and the Deposit Insurance Corporation of Mongolia (DICoM) have signed a Memorandum of Understanding (MOU) to enhance the effectiveness of their respective deposit insurance frameworks through bilateral cooperation, knowledge sharing, and collaborative research.
The MOU was formally signed by PDIC President and CEO Roberto B. Tan and Mr. Amar Lkhagvasuren, Board Member of the National Deposit Insurance Committee of Mongolia, in November 2025 on the sidelines of the International Association of Deposit Insurers (IADI) Annual Conference held in Lisbon, Portugal.
The agreement marks the first-ever collaboration between the two deposit insurance agencies and underscores their shared commitment to strengthening depositor protection and promoting financial stability in their respective jurisdictions.
Under the MOU, which will be in effect for five years and may be extended for another five years upon mutual written consent, the PDIC and DICoM will establish a framework for cooperation, consultation, and knowledge exchange across key areas. These include deposit insurance operations, receivership and liquidation, bank resolution, risk management, premium assessment, fund management, information technology for efficient database administration, legal and administrative procedures, and public awareness initiatives.
The agreement also allows for the exchange of views on the impact and implementation of international standards and guidance on deposit insurance, helping both institutions better respond to evolving financial risks.
Another key feature of the MOU is the provision for joint activities such as collaborative research projects, senior-level study visits, and the formation of working groups to support capacity-building efforts. These initiatives may include training programs and technical exchanges aimed at strengthening institutional capabilities.
The PDIC continues to expand its international cooperation with fellow deposit insurance agencies worldwide. It has forged alliances with counterparts in Germany, Indonesia, Japan, Kazakhstan, Malaysia, Mongolia, Russia, South Korea, Thailand, the United Kingdom, the United States of America, and Vietnam.
Through these partnerships, the PDIC reinforces its commitment to aligning Philippine deposit insurance practices with global standards while contributing to international efforts to promote financial stability.