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Monetary Policy and Central Banking > Chapter 4 > Flashcards

Chapter 4 Flashcards

1
Q

It provides policy directions in the areas of money, banking and credit

A

BSP

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2
Q

It supervises operations of banks and exercise regulatory powers over non-bank financial institutions with quasi-banking functions

A

BSP

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3
Q

Functions of BSP

A

Liquidity Management
Currency Issue
Lender of last resort
Financial Supervision
Management of foreign currency reserves
Determination of exchange rate policy
Other activities

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4
Q

The BSP formulates and implements monetary policy aimed at influencing money supply consistent with its primary objective to maintain price stability

A

Liquidity Management

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5
Q

The BSP has the exclusive power to issue the national currency

A

Currency Issue

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6
Q

The BSP extends discounts, loans and advances to banking institutions for liquidity purposes

A

Lender of last resort

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7
Q

The bsp supervises banks and exercises regulatory powers over non-bank institutions performing quasi-banking functions

A

Financial supervision

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8
Q

The bsp seeks to maintain sufficient international reserves to meet any foreseeable net demands for foreign currencies in order to preserve the international stability and convertibility of the Philippine peso

A

Management of foreign currency reserves

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9
Q

The bsp determines the exchange rate policy of the philippines

A

determination of exchange rate policy

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10
Q

Other bsp functions

A

acts as the banker of the government
financial advisor of the government
official depository of the government

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11
Q

Describe the 1st organizational structure

A
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12
Q

Functional sectors

A

Monetary stability sector
Supervision and Examination sector
resource management sector

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13
Q

Offices under The executive management services

A

Monetary Board
- Office of the secretary to the monetary board
- Internal Audit Office
- Office the General counsel and legal services
- Office of special investigation

Governor
- Treasury delartment
- systems and method office
- BSP staff in almcs
- Corporate planning office
- risk management office
- corporate affairs office

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14
Q

provides administrative and secretarial services to the monetary board

A

office of the secretary to the monetary board

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15
Q

prepares opinions anf rulings for the MB, the governor, and the deputy governors on matters relating to policies, functions, operations and regukations of the bank

A

office of the general counsel and legal services

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16
Q

prosecutes and defends cases involving the bsp, the mb and management in judicial and administrative proceedings

A

office of the general counsel and legal services

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17
Q

evaluates bank irregularities and anomalies noted in the examination reports submitted by examining departments

A

office of the special investigation

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18
Q

monitors the internal control system of the bsp

A

internal audit office

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19
Q

reviews and appraises the effectiveness of operating control systems

A

internal audit office

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20
Q

monitors utilization of security materials, disposal of production wastes, and receipt of gold and other precious metals at the spc

A

internal audit office

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21
Q

manages the bsp’s international reserves at a level and a mix that allows the bsp to meet any demands for foreign currency

A

treasury department

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22
Q

undertakes open market operations and transacts with accredited government securities dealers and the rest of the members

A

treasury department

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23
Q

participates in the philippine dealing system to ensure the competitiveness of the philippine peso and its convertibility

A

treasury department

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24
Q

ensures a well organized and integrated bank wide effort to develop and maintain efficient systems and procedures

A

systems and method office

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25
Q

provides recommendation along the areas of manualization, business process reengineering and systems support

A

systems and method office

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26
Q

provides technical support to management in the formulation and application of strategic plans and practices and in the development of guidelines or policies

A

corporate planning office

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27
Q

assists the anti money laundering council in implementing the provision of the anti money laundering law

A

bsp staff in amlcs

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28
Q

a manpower pool for the amlcs was created in this office to address th problem of recruiting qualified personnel with a minimum of five year residency

A

Office of the governor

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29
Q

Departments that involves in amlcs

A

Governor of the bsp
Commissioner of securities and exchange commission
commissioner of insurance commission

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30
Q

aggregates the various risk exposures of the bank

A

risk management office

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31
Q

identifies appropriate risk control measures

A

risk management office

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32
Q

implements the public relations and advertising programs of the bsp to promote and enhance its corporate image

A

corporate affairs office

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33
Q

describe the monetary stability sector

A
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34
Q

5 subsectors of monetary policy sector

A

monetary policy subsector
international subsector
monetary operations subsector
currency management subsector
regional monetary affairs subsector

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35
Q

offices under monetary policy subsector

A

department of economic research
department of economic statistics
center for monetary and financial policy
economic and financial learning center

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36
Q

offices under international subsector

A

international operations department
international relations department

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37
Q

offices under monetary operations subsector

A

department of loans and credit
asset management department

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38
Q

offices under currency management subsector

A

cash department
currency issue and retirement office

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39
Q

offices under regional monetary affairs office

A

la union regional office
cebu city regional office
davao city regional office

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40
Q

assists in developing stronger relations with the international financial community and promotes the philipines as an investment site

A

investor relations office

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41
Q

acts as the principal policy research and technical arm of the banks

A

department of economic research

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42
Q

produces economic data for the guidance of the governor and the monetary board jn the formulation and implementation of monetary policies

A

department of economic research

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43
Q

generates relevant, accurate and timely statistics for the guidance of the monetary board in the formulation and implementation of its policies

A

department of economic statistics

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44
Q

conducts cutting edge empirical and theoretical researches in the monetary, financial and economic fields

A

center for monetary and financial policy

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45
Q

serves as the primary and central source of the bank in providing timely and relevant information concerning economic and financial matters through collection of books, and other reference materials

A

exonomic and financial learning center

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46
Q

monitors and analyzes regional and global economic financial, and trade development issues

A

international relations department

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47
Q

facilitates the banks pro active membership in bilateral, regional and international associations and groupings by initiating and complying with commitments and agreements

A

international relations department

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48
Q

supports the promotion and maintenance of monetary stability and external sustainability through the enhanced management of external debt, foreign investments and other foriegn exchange transactions

A

international operations department

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49
Q

reviews, recommends, and implements sound policies and regulations on foreign exchange denominated transactions

A

international operations department

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50
Q

monitors and coordinates of the operation of the banks branches in the countryside

A

regional monetary affairs sub sector

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51
Q

branches that report directly to the regional monetary affairs sub sectoe

A

legazpi branch
lucena branch
naga branch

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52
Q

la union regional office supervises the branches in luzon

A

angeles
cabanatuan
dagupan
tuguegarao
batac

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53
Q

cebu regional office supervises the brances in visayas

A

bacolod
dunaguete
iloilo
kalibo
tacloban

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54
Q

davao regional office supervises the branches in mindanao

A

cagayan de oro
cotabato
general santos
ozamis
zamboanga

55
Q

administers, preserves, and disposes assets acquired of foreclosed properties by the bsp in payment for loans secured by banks

A

asset management department

56
Q

implements the credit policies of the bsp

A

department of loans and credit

57
Q

extends loans and advances to banks and rediscounts

A

department of loans and credit

58
Q

conducts credit examination of banks

A

department of loans and credit

59
Q

undertakes special studies on credit policies

A

department of loans and credit

60
Q

supplies and issues the currency requirements of the banking industry and services the currency exchange

A

cash department

61
Q

acts as a depository or custodian of cash, securities, gold and other forms of valuable assets

A

cash department

62
Q

manages the retiremen5 of unfit/mutilated currencies withdrawn from circulation

A

currency issue and retirement office

63
Q

safekeeps unissued notes and coins

A

currency issue and retirement office

64
Q

2 groups under supervision and examination sector

A

inclusive finance advocacy staff
central administrative services group

65
Q

focuses on advocacy work with financial institutions to. promote sustainable methods in the delivery of microfinance and the small and medium enterprise banking servives

A

inclusive finance advocacy staff

66
Q

undertakes sector wide services relating to personnel, budget and finance, records facilities, property and supplies, and frontline services administration of the SES

A

central administrative services group

67
Q

Subsector under the supervision and examination sector

A

central supervisory support sub-sector
supervision and examination subsector 1
supervision and examination subsector 2
supervision and examination subsector 3

68
Q

Group under the central supervisory support subsector

A

SES operations management group
central applications and licensing group
financial consumer affairs group
office of supervisory policy department
supervisory data center

69
Q

provides dedicated support to the SES management in optimizing scarce examination resources to achieve timely and efficient conduct of risk based on site examination while keeping the professional staff up to date on their training requirements

A

SES operations management group

70
Q

assesses the training needs and capacity development requirement of the SES personnel, and develops the corresponding training courses

A

SES operations management group

71
Q

evaluates requests of banks and non banks which require approval of the bsp on matters such as the establishment of banks, branching, equity investment outsourcing and in sourcing

A

central applications and licensing group

72
Q

conducts advocacy initiatives aimed at educating and supporting the interest of the public in financial literavy issues

A

financial consumer affairs group

73
Q

functions as central policy research and development unit of the SES

A

office of the supervisory policy development

74
Q

serves as the central collection, quality assurance, processing and distribution point of all financial sector data coming into or being release by the SES

A

supervisory data center

75
Q

it is responsible for developing and maintaining the financial system databases of the sector in a state of the art data warehouse environment

A

supervisory data center

76
Q

groups under SES 1

A

core information technology specialist group
trust specialist group
capital markets specialist group.
anti money laundering specialist group
micro, small and medium enterprise finance specialist group
examination departments 1,2,3

77
Q

conducts information technology supervision and examination of vanks and non banks financial institutions, inckuding payment systems

A

core information technology specialist group

78
Q

specializes in examining risk exposure which may arise from the trust, other fiduciary business and investment management activities of FIs

A

trust specialist group

79
Q

specializes in the supervision and examination of capitak market activities of bsp supervised financial institutions including treasury operations

A

capital market specialist group

80
Q

develops guidelines and regulations to support the anti money laundering efforts of bsp supervised financial institutions

A

anti money laundering specialist group

81
Q

conducts off site monitoring to identify those FIs with operations that present an elevated risk of money laundering activities

A

anti money laundering specialist group

82
Q

focuses on the specialized risk based supervision and examination rewuirements of banks which have adopted a banking business model dedicated to or highly exposed to the micro, small and medium enterprises

A

micro, small and medium enterprises finance specialis5 group

83
Q

conducts on site examination of universal banks and their subsidiaries/ affiliates, commercial banks and their subsidiaries

A

examination department 1,2,3

84
Q

group under SES 2

A

integrated supervision department I
Integrated supervision department II

85
Q

Monifors and supervises cooperative banks and non bank financial institutions including j vestment houses with quasi banking and or trust license and nonstock savings and loan associations

A

integrated supervision department I

86
Q

conducts suoervision and examination of selected banks and non banks FIs

A

integrated supervision department II

87
Q

groups under SES III

A

Regional Supervisory Services Divisions I and II (Cebu and Davao)
Central Point of Contact Department I
Central Point of Contact Department II

88
Q

serve as the focal point of contavt between the SES main office and the local banks and their customers in tge region

A

Regional Supervisory Services Divisions I and II

89
Q

Their primary responsibility is to provide more timely frontline services relative to manila in their operating area relating to varouos FI suoervisions matters and consumer issues

A

Regional Supervisory Services Divisions I and II

90
Q

Supervisesbanking groups and large banks that have complex operations and dynamic risk profiles

A

CPCD I

91
Q

Financial Institutions under CPCD I

A

large private universal or commercial banks
government banks
foreign banks
large thrift banks that operate on a national scale

92
Q

supervises banks operating on a regional and local level that comprise the overwhelming majority of the players in the banking system

A

CPCD II

93
Q

Banks under CPCD II

A

region and community based thrift and rural banks, including microfinance oriented banks

94
Q

Groups under Resource Management sector

A

provident fund office
crisis management office
payments and settlements office

95
Q

implements the rules or regulations governing the administration of the provident and housing funds and carries out the policies and directives adopted by the board of trustees of the provident fund

A

provident fund office

96
Q

manages the funds investment portfolio and the earnings derived from it

A

provident fund office

97
Q

establishes and maintains a bsp bank wide master crisis plan considering linkages and inter operability of all departmental crisis plans

A

crisis management office

98
Q

ensures the smooth flow of the countrys payments and settlements systen through the philippine payments and settlements system

A

payments and settlements office

99
Q

The resource management sub sectors

A

management services sub sector
comptrollership subsector
human resource sub sector
information technology sub sector

100
Q

groups under management services sub sector

A

administrative services department
facilities management and engineering department
project development and management office
procurement office
security, investigation and transport department

101
Q

manages and performs property control, issuance of real and movable properties, warehousing and records management, printing of bank circulars

A

administrative services department

102
Q

ensures the general upkeep of the whole bsp main builfing complex and premises

A

facilities management and engineering department

103
Q

manages the operations and maintenance of all mechanical, electrical, electronic, and auxiliary,/accessory equipment systems of the bank

A

facilities management and engineering department

104
Q

supervises the renovation and construction of all offices and building of the bsp an dthe philippine international convention center

A

project development and management office

105
Q

supports the bid and awards commitee

A

procurement office

106
Q

assists approvingj authorities in the implementation of awards

A

procurement office

107
Q

protects and safeguards installations, property, currency

A

security, investigation, and transport department

108
Q

provides security to currency shipments of the bsp

A

security, investigation and transport department

109
Q

provides transport services, maintains the fleet of motor vehicles and operates the banks motor pool

A

security, investigation, and transport department

110
Q

groups under comptrollership subsector

A

budget planning and special studies group
financial accounting department

111
Q

serves as technical staff of the bsp budget commitee in the formulation of budget guidelines

A

budget planning and special studies group

112
Q

reviews and analyzes budgetary eatimates of income and expenses and proposals for capital expenditures and asset acquisitions

A

budget planning and special studies group

113
Q

performs the accounting or bookkeeping, budget administration and disbursement actibities of the bank

A

financial accounting department

114
Q

groups under human resource sub sector

A

human resource development department
human resource management department
bangko sentral ng pilipinas institute
medical and dental clinic

115
Q

implements a competency based human resource system

A

human resource development department

116
Q

manages the development of the organization and its human capital by improving organizational performance through change and development

A

human resource development department

117
Q

delivers human resource services such as recruitment, appointment, performance evaluation, compensation and benefits, payroll, leave and retirement and employee relations

A

human resource management department

118
Q

acts as the training arm of the bsp

A

bangko sentral ng pilipinas institute

119
Q

assesses the training needs of all bank personnel

A

bangko sentral ng pilipinas institute

120
Q

provides medical and dental services such as consultations and treatments

A

medical and dental clinic

121
Q

groups under information technology subsector

A

policy standards and planning group
enterprise systems and project development staff
IT infrastructure and operations department
Information systems support and development department

122
Q

establishes, monitors, and updates specific standards in the acquisition, development and implementation of application system

A

policy standards and planning group

123
Q

provides enterprise IT solutions and close support to critical, technical and program management projects, from design, operatipns and system evolution

A

enterprise system and project development staff

124
Q

manages the computer environment of the bank ans ensures the efficient operation of all communication and technology infrastructure

A

IT infrastructure and operations department

125
Q

develops and maintains appropriate business or application software that enhances the effevtiveness ad efficiency of. operations of various departments or offices in the banks

A

information system support and development department

126
Q

group under security plant complex

A

research and development group
SPC Financial servives and data management group
banknotes securities and printing department
mint and refinery operations department
department of general services

127
Q

conducts research and development studies o various aspects of the operations of the security plant complex, especially on banknote printing and coin minting operations

A

research and development group

128
Q

prepares financial statements and consolidates cash flows, jncome statements and balanfe sheets for SPC

A

SPC Financial services and data management group

129
Q

records financial receipts and disbursements and processes bills for payment

A

SPC Financial services and data management group

130
Q

coordinates data collection activities and provides technical support on software applications

A

SPC Financial services and data management group

131
Q

manages and performs the printing of banknotes an dother security documents

A

banknotes securities and printing department

132
Q

manages and performs the minting of coins, commemorative medals, and refines gold purchased from local panners or miners

A

mint and refinery operations department

133
Q

manages the procurement of supplies, equipmet and services for the spc and the general maintenance and upkeep up its facilities

A

fapertment of general services

Monetary Policy and Central Banking (9 decks)

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