Leyte 2nd District Rep. Henry Ong said this is the first time that
a first-term congressman heads the committee with jurisdiction on all matters
relating to banking and currency, government-owned or -controlled banks and
financial institutions, non-government banks and financial institutions,
insurance, securities and securities exchange.
“I thank Speaker Gloria Macapagal-Arroyo for appreciating my
efforts in laying down the priorities of Congress in terms of bank and
financial intermediaries in the Philippines,” Ong said in a mobile phone
interview Friday.
The committee, he said, is one of those panels that is not high on
the public and media radar because its work is largely non-controversial and
usually land on the business and economy pages of newspapers.
He added that the work they do is important because they affect
the personal finances of ordinary citizens and the investments decisions of
companies and industries.
“In the past few months, I have kept my focus on financial banking
and banking issues that matter to the Filipinos and their families. I want our
banks and financial institutions strong and dependable in good times and in
bad,” said Ong, who was the committee’s vice chairperson during the leadership
of then Speaker Pantaleon Alvarez.
Ong said he will link with stakeholders in the banking and
financial sector, from bank executives to depositors. He will also meet with
officials of the Securities and Exchange Commission, Insurance Commission and
financial regulators.
He said he is positive that within the next two months, the
committee will approve on third and final reading four to six bills and approve
on second reading six to eight bills. (LAAA/PNA)
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