Banking And Financial Institutions

Questão	Responda
serves as a catalyst in the countrys growth and development	Philippine Financial System
2 major roles of Financial Institutions	* as participants, particularly in the money creation process * as intermidiaries in the savings-investment making
banks create money through	lending mechanism
Types of Banks (4)	Commercial Banks Specialized Government Banks Thrift Banks Rural Banks
offer a wide variety of services among financial institutions	Expanded Commercial Banks or Universal Banks
Unibanks can engage in (3)	* underwriting activities equity investments in non allied undertaking up to 100% equity investments in financial intermidiaries other than commercial banks
consist bulk of the financial system	Commercial Banks
By large and more commercial banks were allowed to be established since _____	1949
Unique government banks that are subject to supervision and regulation of the BSP	Specialized Government Banks
Veterans Bank of the Philippines	established as a commercial bank
provides an opportunity for veterabs to work in the field of banking and finance, as depositors, borrowers as stock holders and officers	Veterans Bank of the Philippines
Two important Specialized Government Institution	DBP LBP
DBP	provide long term credit to finance private development projects 1946 - Rehabilitation Finance Corporation
1946	RFCorp. was established
Rehabilitation Finance Corporation	designed to provide long term finance for the rehabilitation of agriculture, industry, and property damage after WWII
Land Bank of the Philippines	early 1970's financial arm of the land reform program
Philippine Amanah Bank	mid 1970's designed to serve the banking needs of the Muslim areas in the South
Thrift Bank Act of 1995	peovided for establishment, operation and supervision of thrift banks to include savibgs and mortgage banks, private development banks, ans stock and savings and loan associations
Savings and Mortgages Banks (SMBs)	organized primarily to accumulate savings of depositors and to invest them together
the most ovious of a thrift bank	Savings Bank
example of a thrift bank	Banco Filipino
2 major innovations undertaken in the PFS	creation of small ruralor town units thatvdid not have the services provided by joemal banking institutions
Small Private Banks	Rural Bank Cooperatives Peivate Development Banks
Rural Bank Cooperatives	promote comprehensive development with the end in view of attaining a more eqitable distribution of opportunities, income, wealth and sustained increase in the amount of goods and services
Private Developmet Banks	modeled to serve like DBP cater particularly to thee medium and long term financing needs of Filipino entrepreneurs
BANKING LAWS	New CB Act Thrift Banks Act of 1995 Cooperative Code of the Ph Aavings and Loan Associations Act R.A. 7721
R.A. 7721	liberized entry and scope of operations of foreign Banks in the Philippines
BSP	provides policy directions in the areas of money, banking and credit
Objectives of BSP (2)	* Maintain Price stability conducive to a balanced and sustatinable growth in the economy * To promote and maintati monetary atabiljty and convertibility of peso to other freely convertible currency
BSP supports activities that serve to strengthen the country's linkages with the world economy by:	* helping create a stable environment * promoting liberal foreign exchange rules * enchancing access to local and foreign capital support ro investments
Philippine Deposits Insurance Corporation (PDIC)	official insurance company of the banking system
Securities and Exchange Commission (SEC)	issues certificate of incorporation to financial corporation, votes on and approves amendments thereto, discharges functions in connection with the licensing of financial companies and investment houses
Commonwealth Act No.83	Securities Act SEC was established on October 26, 1936
SEC operations begun	Nov 11, 1936 Commissioner Ricardo Nepomuceno
P.D. No. 902-A	the commission shall have powers and functions provided by Securities Regulation Code, as amended, the Corp. Code, the Investment Houses Law, the Financing Company Act, and other existing laws

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Banking And Financial Institutions

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	Criado por Maridave Mago aproximadamente 9 anos atrás