Banking 2024 Flashcards
(32 cards)
New Central Bank Act
What is the state policy on banking?
New Central Bank Act
How was BSP created? What is its responsibility & primary objective?
New Central Bank Act
What are the corporate powers of BSP?
New Central Bank Act
What is the authority of BSP to obtain Data & Information
New Central Bank Act - Supervision & Examination
What is the rule on restraining order to enjoin BSP?
Exception
New Central Bank Act
What are the duties of the Monetary Board?
New Central Bank Act
What is Conservatorship? Nature.
Rule?
What is the role of a Conservator?
New Central Bank Act
Closure of a bank may be ordered when?
Exception to the rule.
New Central Bank Act
What is Receivership?
Effect
New Central Bank Act
What is Liquidation?
New Central Bank Act
What is the required Security against Bank Loans?
New Central Bank Act
What is a portfolio Ceiling?
New Central Bank Act
What is a minimum capital ratios?
New Central Bank Act
What is the rule on the Rate of Exchange?
Laws on the Secrecy of Bank Deposits
What is the purpose of this Law?
Laws on the Secrecy of Bank Deposits
State the rule.
Laws on the Secrecy of Bank Deposits
What are the prohibited acts?
What deposits are covered by the law? Any exception?
Laws on the Secrecy of Bank Deposits
What is the rule on Garnishment of Deposits?
Laws on the Secrecy of Bank Deposits
What is the penalty for the violation of this law?
General Banking Act of 2000
What is the definition of a Bank?
What are the classifications of a bank?
General Banking Act of 2000
Distinguish Quasi-banks from Trust entities
General Banking Act of 2000
What is a deposit substitute?
General Banking Act of 2000
What are the corporate powers of BSP?
General Banking Act of 2000
What is the diligence required of BAnks?
