· Benjamin E Diokno Wiki · Bangko Sentral ng Pilipinas WikiProposed Financial Consumer Protection Act
Read full speech on bis.org ↗ContextOpening statement by Benjamin E Diokno, Governor of Bangko Sentral ng Pilipinas (BSP, the central bank of the Philippines), during the Senate Deliberation on the Proposed Financial Consumer Protection Act, Manila, 16 January 2022.
Why it mattersDiokno backs a law protecting users of financial services.
Problems raised
- Financial consumers need protection.
- Legal framework is lacking.
- Agencies must coordinate.
Solutions proposed
- Pass the Financial Consumer Protection Act.
- Coordinate regulators.
- Protect consumers.