SEC chief defends PSE depository decision

Posted at Feb 14 2013 12:38 AM | Updated as of Feb 14 2013 08:38 AM

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SEC Chairwoman Teresita Herbosa stands by her decision to give a PSE unit the license to be the exchange's depository, now handled by the Philippine Dealing System. Finance Secretary Cesar Purisima weighs the benefits of competition versus the relatively small size of the Philippine financial market. - ANC, Business Nightly, February 13, 2013