DISCUSSION PAPER SERIES NO. 2002-22 Philippine Institute for Development Studies Service through policy research Surian sa mga Pag-aaral Pangkaunlaran ng Pilipinas For comments, suggestions or further inquiries please contact: 19771977197719771977 20022002200220022002 Financial Services Integration and Consolidated Supervision: Some Issues to Consider for the Philippines 1 Melanie S. Milo, Ph.D. 2 Revised Draft January 2003 A Perspective Paper on Banking Abstract Melanie S. Milo, Ph.D. ii
