Published March 16, 2021, 5:05 PM
Philippine National Bank (PNB) president and CEO, Jose Arnulfo “Wick” Veloso is the new president and chairman of the Bankers Association of the Philippines (BAP), following the retirement of Bank of Philippine Islands’ Cezar P. Consing.
“I am very honored to be elected as president of the BAP. I look forward to collaborating with the government to support their efforts and look for ways to speed up the recovery of the economy,” said Veloso. He also commits to work closely with lawmakers and banking regulators such as the Bangko Sentral ng Pilipinas (BSP) in “building, enhancing or amending banking laws and regulations to help promote economic activity safely.”
BAP elects PNB s Veloso as head | BusinessWorld
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More jobs restored with safe reopening of economy | Philippine Canadian Inquirer
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March 7, 2021 | 7:51 pm Font Size
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THE TWO chambers of the legislature will form a Joint Congressional Oversight Committee (JCOC) to monitor the implementation of the Financial Institutions Strategic Transfer (FIST) Law, with its co-chairs saying that the panel will ensure that FIST incentives are not abused by parties availing of its tax-light asset-transfer rules.
“(The JCOC) will particularly ensure that the provisions on the FIST corporation applications and plans, transfer of assets, and availment of incentives and privileges are followed,” Senator Grace S. Poe-Llamanzares, who chairs the Committee on Banks, Financial Institutions and Currencies, said in a text message.
Ms. Poe-Llamanzares will co-chair the joint committee along with her House counterpart alongside Quirino Representative Junie E. Cua, who heads the House Committee on Banks and Financial Intermediaries.