FINANCIAL PROTECTION AND CONSUMER PROTECTION

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FINANCIAL PROTECTION AND CONSUMER PROTECTION
THE CASE OF THE PHILIPPINES

• JOSELITO S. ALMARIO
• DEPUTY EXECUTIVE DIRECTOR, NATIONAL CREDIT
  COUNCIL
• PHILIPPINE DEPARTMENT OF FINANCE
• ACCELERATING FINANCIAL INCLUSION POLICIES IN ASIA
  AND PACIFIC AN OPERATIONAL DIALOGUE
• Waikiki Resort Hotel, Honolulu, Hawaii,
  September 15, 2011

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CONSUMER PROTECTION
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THREE-PRONGED APPROACH
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THE PHILIPPINE SETTING
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MOVING FORWARD

• EXPAND FINANCIAL LITERACY TO ALL STAKEHOLDERS AND
  NOT ONLY FOCUS ON CLIENTS
• WIDESPREAD ADOPTION OF ADRs AT THE INSTITUTION
  AND LOCAL GOVERNMENT LEVELS
• BASIC FINANCIAL EDUCATION AT THE PRIMARY LEVELS

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FINANCIAL TRANSPARENCY, EDUCATION AND LITERACY
NOT ONLY EMPOWER THE CLIENT, THEY EMPOWER THE
PEOPLE