Regulation and Supervision of Financial Institutions

It undertaken various liberalization measures to ease FX rules to facilitate the FX transactions by banks, public and private corporates/entities, small and medium enterprises, overseas Filipinos, and the public in general.

• NEDA

• BSP

• SEC

How much is the minimum capitalization of digital banks?

• P20 billion

• P1 billion

• P5 billion

• P1.5 billion

The Bangko Sentral ng Pilipinas (BSP) issued Circular No. 1105, series of 2020 which is the

• Guidelines on the Establishment of Digital Banks

• Application Guide for Entry of Foreign Banks in the Philippines

• Guidelines in establishing domestic banks

• Act Allowing the Full Entry of Foreign Banks in the Philippines

Residents may invest in any form of instruments issued or created offshore by non-residents.

• Outward Investments by Philippine Residents

• Outward Investments

• Inward Investments in Instruments Issued by Non-Residents

• Inward Foreign Investments in Instruments Issued by Residents

These are the major features of Basel III except:

• Leverage Ratio

• Quality Management

• Liquidity Ratio

• Capital Conservation Buffer

The Minimum amount paid in Capital Requirement of Pawnshops

• 1,000,000

• 500,000

• 100,000

• 50,000

Are the new set of Generally Accepted Accounting Principles (GAAP) issued by the Accounting Standards Council (ASC) to govern the preparation of financial statements

• IAS

• IFRS

• PFRS/PAS

Who approved the guidelines on the adoption of Philippine Financial Reporting Standards (PFRS) 9 - Financial Instruments under management of Trust Entities (TE)

• Monetary Board

• SEC

• BSP

A document issued by the BSP which allows the authorized party to buy foreign currency from banks

• Regulation Form

• Bangko Sentral Registration Document

• Foreign Loan Document

The application for authority to establish a bank shall be submitted to the:

• Bangko Sentral ng Pilipinas

• Department of Finance

• Supervisory Policy and Research Department

• Monetary Board