31655-013: Nonbank Financial Governance Program
Project Data Sheet (PDS): Overview
The Program will support the process of capital formation through improved corporate governance in the nonbank financial sector. The key components of Phase I are: (i) enhancing and strengthening the governance of the Securities and Exchange Commission (SEC) by (a) allowing SEC greater administrative, operational and financial flexibility, and (b) enhancing monitoring and enforcement capacity; (ii) modernizing governance and regulatory structure of the Philippine Stock Exchange (PSE) by (a) ... Read More
|Type or Modality of Assistance||
|Financing||Public sector (Sovereign)|
|Approval Date||15 Nov 2001|
|Subsector||Insurance and Contractual Savings|
Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.
The Public Communications Policy (PCP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.
The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.
In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.