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Bill regulating cooperative banks hurdles House

MANILA - The House of Representatives on Monday overwhelmingly approved a measure that provides for the registration, regulation, and operation of cooperative banks. During the plenary session, a total of 156 lawmakers voted to approve House Bill 9541, which provides for the establishment, management, and regulation of cooperative banks under the supervision of the Bangko Sentral ng Pilipinas as primary regulator, conformably with the provisions of the General Banking Law of 2000. The bill seeks...
Bangko Sentral House Bill General Banking Law Automated Teller Machine Cooperative Code Manila The House Of Representatives On Monday Overwhelmingly Approveda Measure That Provides For Registration

House panel approves bill on cooperative banks

(MANILA BULLETIN FILE PHOTO) The House panel, chaired by Quirino lone District Rep. Junie Cua passed the substitute bill on the proposed Cooperative Banking Act, presented by the technical working group tasked to consolidate House Bill Nos. 2435, 7765 and 7878, principally authored by Reps. Sabiniano Canama (COOP-NATCCO partylist), Joy Myra Tambunting (Paranaque 2nd District), and Deputy Speaker Pablo John Garcia (Cebu 3rd District), respectively.   The TWG panel is headed by the Bangko Sentra...
Negros Occidental Navotas City The Philippines Pablo John Garcia Myra Tambunting Paranaque Bangko Sentral
Source: mb.com.ph

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