MANILA - Government peace panel chair Miriam Coronel-Ferrer believes the passage of the Bangsamoro Basic Law (BBL) will prevent the formation of radical movements and armed conflicts in Mindanao.

Ferrer said turning the Moro Islamic Liberation Front (MILF) to the government side is a significant gesture to discourage radicalism in the region amid rising terror threats emanating from ISIS.

"We already have the BIFF (Bangsamoro Islamic Freedom Fighters). And what is the BIFF asking for? It’s asking for a separate state. Abu Sayyaf leaders have pledged allegiance to the ISIS. So I think the whole idea of being able to isolate those that have no qualms using indiscriminate violence is going to wither away if you lose a big group; definitely the largest armed organization now in the region who are saying we are ready to take this path, we are ready to turn over our arms and be part of government,” Ferrer said in an interview on ANC's Headstart Tuesday.

A failure of the peace process, on the other hand, would result in further hostilities, fueling the influence of terror groups from different parts of the world, said Ferrer.

"Everything happens through that kind of aspirational confluences and initiatives of cells that are generated in different parts of the world. And that’s the big danger that the alienation or the disappointment coming from a failed process might precisely encourage or generate a more radical movement," she said.

READ: PNoy still hoping for BBL passage

The chief peace negotiator, however, remains optimistic that the proposed law will push through despite the Senate's reopening of the Mamasapano probe.

Ferrer insisted that the BBL, with its revised version Basic Law of the Bangsamoro Autonomous Region (BLBAR), has gone through several consultations and its provisions were crafted for the development and welfare of the people in the proposed Bangsamoro region.

With the possibility of not passing the BBL before President Aquino's term ends, Ferrer is hoping the next administration will continue the peace process.

"If it’s not going to happen now -- the kind of getting to know each other and understanding each other, the autonomous government that is provided for in the Constitution -- that is something that will really need to have a full realization in order to address the problem. And if it won’t be done now, we hope that in the future this thing will be carried forward by the next administration,” she said.

READ: Bongbong: BBL up to next administration

Ferrer also said the long-sought peace and development in Mindanao can be achieved with constitutional change by way of federalism, noting that some apprehensions to the proposed Bangsamoro entity stem from territorial scope and resource utilization issues.

“Some of the issues are not even constitutional. Some have to do with what do we believe they are capable of doing. What do we want to give them and what don’t we want to give them based on our understanding. But if everybody is going to benefit in the future through more devolution not only at the level of local governments but in terms of regional governance, then maybe everybody will be more generous,” she said.