The Philippine Deposit Insurance Corporation (PDIC) and the Office of the Government Corporate Counsel (OGCC) have taken a significant step to deepen their partnership. This move aims to bolster the legal framework protecting the country's depositors and financial institutions.
Ceremonial Signing Cements Partnership
The two agencies formalized their expanded collaboration through the ceremonial signing of a Memorandum of Agreement (MOA). The event took place on December 16, 2025, at the PDIC Chino Building in Makati City. PDIC President and CEO Roberto B. Tan and Government Corporate Counsel Solomon M. Hermosura represented their respective organizations during the simple ceremonies.
Scope of Enhanced Legal Services
Under the newly inked agreement, the OGCC will deploy a dedicated legal team to assist the PDIC. The scope of this enhanced support is comprehensive and includes several critical functions:
- Enforcement of the Corporation's legal rights.
- Representation in mediation and arbitration proceedings.
- Providing advisory opinions on regulatory compliance and major procurement projects.
- Conducting legal risk assessments.
- Handling preliminary and formal investigations for administrative cases.
- Preparing and filing foreclosure petitions.
Building Confidence in the Financial System
PDIC President Roberto B. Tan emphasized the strategic value of the partnership. He stated that it would enable the Corporation to navigate complex legal challenges more effectively. This, in turn, allows the PDIC to concentrate its resources on delivering impactful programs and services to the depositing public and the broader financial system.
For his part, Government Corporate Counsel Solomon M. Hermosura expressed his office's full support. He highlighted the OGCC's mandate to support government-owned and controlled corporations. Hermosura pointed out that partnering with the PDIC presents a direct opportunity for the OGCC to help preserve confidence in the banking system, which he described as a key pillar of a stable economy.
Both agencies shared an optimistic outlook, believing that this strengthened alliance will contribute meaningfully to nation-building. The ultimate goal is to help ensure a stable and resilient financial system for the Philippines.
