This creates special supervisory risks because the ILC's parent company and nonbank affiliates may not be subject to supervision on a consolidated basis by a federal agency. History demonstrates that financial trouble in one part of a business organization can spread, and spread rapidly, to other parts of the organization.
In keeping with the theme “Seizing the Opportunity,” my presentation will talk about the bright prospects ahead for the Philippine economy, which I hope would prompt investors to do business here so they can “seize opportunities.” The Philippines is among the fastest growing and most resilient economies in the world.