Former Insurance Commissioner Adelita Vergel de Dios resigns from RCBC board due to health reasons

Rizal Commercial Banking Corp. (RCBC) of bilyonaryo Helen Yuchengco Dee has lost one of its top directors.

Former Insurance Commission chief Adelita A. Vergel de Dios will resign from the RCBC board effective July 16 due to “health reasons.”

The 75-year old lawyer and certified public accountant has been on the board of RCBC since 2016.

De Dios used to sit on the board of Philippine Savings Bank and Great Pacific Life Assurance and was a former chairman of Malayan Insurance Company.

BSP to allow pre-termination of peso NDFs

The Bangko Sentral ng Pilipinas (BSP), is set to introduce amendments to its foreign exchange (FX) regulations, allowing for the pre-termination of peso non-deliverable forwards (NDFs).