In a landmark development aimed at enhancing financial market stability and fostering international collaboration, the Philippines’ Deposit Insurance Corporation (PDIC) and Mongolia’s Deposit Insurance Corporation (DICoM) have signed a historic Memorandum of Understanding (MoU). This marks the first direct partnership between the two institutions and represents a significant step towards experience sharing and capacity building in the field of deposit insurance.
The agreement was formalised during the International Association of Deposit Insurers (IADI) Annual Conference held in Lisbon in November 2025. The initial term of the MoU is five years, with the possibility of extension for an additional five years upon mutual agreement. The MoU was signed by PDIC President and CEO Roberto B. Tan and DICoM Board Member Amar Lkhagvasuren.
Under the agreement, both institutions have committed to collaborate in several key areas:
Bank resolution and receivership, and liquidation processes
Risk management, premium setting, and fund management
Information technology systems, legal frameworks, and administrative procedures
Public awareness initiatives for depositors
In addition, the MoU provides a framework for dialogue on adherence to international deposit insurance standards, further enhancing the operational capabilities of both organisations. Knowledge sharing will also be facilitated through joint research projects, high-level study visits, technical exchanges, and targeted training programmes.
PDIC’s international cooperation network already spans multiple countries, reflecting its commitment to financial stability and the adoption of global best practices. The institution’s current international partnerships include the following:
| Country | Partner Institution | Main Activities |
|---|---|---|
| Germany | Deposit Protection Fund | Risk management, bank resolution |
| Indonesia | Indonesia Deposit Insurance Corp. | Fund management, premium setting |
| Japan | Deposit Insurance Corporation | Technical exchange, training |
| Kazakhstan | Kazakhstan Deposit Insurance Fund | Receivership, liquidation |
| Malaysia | PIDM | IT systems, public awareness |
| Russia | Agency for Deposit Insurance | Bank resolution, research projects |
| South Korea | KDIC | Risk management, training |
| Thailand | DSI | Joint study visits, technical exchange |
| United Kingdom | FSCS | Public awareness, fund management |
| United States | FDIC | Bank resolution, technical support |
| Vietnam | Vietnam Deposit Insurance | Risk management, premium setting |
This strategic collaboration with Mongolia is expected to further enhance PDIC’s operational efficiency, promote the adoption of international best practices, and contribute to regional and global financial stability. It underscores the growing importance of cross-border partnerships in the development of resilient financial systems.