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Non-bank gov't bodies ordered to formulate investment frameworks

MANILA - President Rodrigo R. Duterte has signed an administrative order (AO) that directs all non-bank government entities to formulate investment governance frameworks for foreign exchange (FX) derivatives transactions. AO 28, signed by Duterte on May 24, was released on Thursday. "There is a need to institute sufficient monitoring safeguards and risk management mechanisms in FX derivatives transactions to protect the National Government's fiscal and economic interests in non-bank gov...
Government Service Insurance System Bangko Sentral Rodrigor Duterte Head Of Agency Home Development Mutual Fund Department Of Finance

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