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2024 PreWeek Commercial > Banking 2024 > Flashcards

Banking 2024 Flashcards

1
Q

New Central Bank Act

What is the state policy on banking?

A
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2
Q

New Central Bank Act

How was BSP created? What is its responsibility & primary objective?

A
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3
Q

New Central Bank Act

What are the corporate powers of BSP?

A
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4
Q

New Central Bank Act

What is the authority of BSP to obtain Data & Information

A
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5
Q

New Central Bank Act - Supervision & Examination

What is the rule on restraining order to enjoin BSP?
Exception

A
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6
Q

New Central Bank Act

What are the duties of the Monetary Board?

A
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7
Q

New Central Bank Act

What is Conservatorship? Nature.
Rule?

What is the role of a Conservator?

A
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8
Q

New Central Bank Act

Closure of a bank may be ordered when?
Exception to the rule.

A
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9
Q

New Central Bank Act

What is Receivership?
Effect

A
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10
Q

New Central Bank Act

What is Liquidation?

A
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11
Q

New Central Bank Act

What is the required Security against Bank Loans?

A
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12
Q

New Central Bank Act

What is a portfolio Ceiling?

A
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13
Q

New Central Bank Act

What is a minimum capital ratios?

A
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14
Q

New Central Bank Act

What is the rule on the Rate of Exchange?

A
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15
Q

Laws on the Secrecy of Bank Deposits

What is the purpose of this Law?

A
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16
Q

Laws on the Secrecy of Bank Deposits

State the rule.

A
17
Q

Laws on the Secrecy of Bank Deposits

What are the prohibited acts?
What deposits are covered by the law? Any exception?

A
18
Q

Laws on the Secrecy of Bank Deposits

What is the rule on Garnishment of Deposits?

A
19
Q

Laws on the Secrecy of Bank Deposits

What is the penalty for the violation of this law?

A
20
Q

General Banking Act of 2000

What is the definition of a Bank?

What are the classifications of a bank?

A
21
Q

General Banking Act of 2000

Distinguish Quasi-banks from Trust entities

A
22
Q

General Banking Act of 2000

What is a deposit substitute?

A
23
Q

General Banking Act of 2000

What are the corporate powers of BSP?

A
24
Q

General Banking Act of 2000

What is the diligence required of BAnks?

A
25
Q

General Banking Act of 2000

What are the prohibited acts of a bank borrower?

A
26
Q

Philippine Deposit Insurance Corporation Act

State the basic policy

A
27
Q

Philippine Deposit Insurance Corporation Act

What are the powers and functions of PDIC?

A
28
Q

Philippine Deposit Insurance Corporation Act

PDIC is prohibited to?

A
29
Q

Philippine Deposit Insurance Corporation Act

What is the concept of Insured Deposits?

A
30
Q

Philippine Deposit Insurance Corporation Act

How much is PDIC liable to any bona fide depositor?

A
31
Q

Philippine Deposit Insurance Corporation Act

Which deposit accounts are not entitled to payment from PDIC?

A
32
Q

Philippine Deposit Insurance Corporation Act

What are the rules on calculation of Liability of PDIC?

A

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