The Securities and Exchange Commission regulates both primary and secondary debt markets, oversees the Philippine Stock Exchange, the three subsidiaries of the Philippine Dealing Systems Holdings Corp., brokers, registrars, transfer agents and clearinghouses.
The Department of Finance (DOF) regulates issuance of government securities in the market while the DOF's Bureau of the Treasury operates and monitors daily debt market activity.
The Bangko Sentral ng Pilipinas (BSP) supervises banks and nonbank financial institutions performing quasi-banking functions. The BSP supervises the registration of foreign investments in the country and monitors the inflow and outflow of capital.
The Insurance Commission supervises and regulates the local insurance industry. |