Monday December 8 2014

News Source: Global Exchanges

Focus: Other

Type: General




The Financial Services Agency of Japan and the Bangko Sentral ng Pilipinas concluded the Exchange of Letters for Cooperation (EOL) on 8th December 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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