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WorksheetsLet's Talk Legal Lecture Series
Total questions: 10
Worksheet time: 5mins
Risk-based Assessment System (RAS) refers to a method of calculating an insured bank’s assessment on the probability that the DIF will incur a loss with respect to the bank, and the likely amount of such loss, based on its risk rating that takes into consideration the following, except:
Quality and concentration of assets
Categories and concentration of equities both insured and uninsured, contingent and noncontingent
Capital position
Management and governance
ARA stands for __________________.
Appropriate Regulatory Authority
Application Release Automation
Applicable Regulatory Authority
Asset Regulatory Authority
The Implementing Rules and Regulations of R.A. No. 11840 took effect on ________________.
October 26, 2022
October 27, 2022
October 26, 2021
November 8, 2022
The following are the grounds for bank examination of the PDIC: i) There is a finding of fraud; ii) There is a finding of unsafe and unsound banking related to deposit-taking; and iii) There is failure of prompt corrective action as declared by the Monetary Board.
True
False
Under the amendments introduced by R.A. No. 11840, the PDIC shall __________________.
Serve as a Financial Institutions Strategic Transfer Corporation
Be allowed to dispose assets to a Financial Institutions Strategic Transfer Corporation
Be allowed to acquire closed bank assets from a Financial Institutions Strategic Transfer Corporation
None of the above
The PDIC is exempted from R.A. No. 10149.
True
False
This is defined as a mutual guarantee in return for the commitment to donate an amount in the form of a specified contribution to the covered entities’ risk fund, whereby a group of covered entities agree among themselves to support one another jointly for the losses arising from specified risks.
Kafala
Murabaha
Musawama
None of the choices
The ___________ is mandated to conduct a study a study on the need to establish a risk-based assessment system within five (5) years from passage of R.A. 11840.
Monetary Board
Board of Directors
Appropriate Regulatory Authority
None of the above
The amendments introduced by R.A. No. 11840 directs the PDIC to cover Islamic bank products
True
False
1. The PDIC is an attached agency of the __________________________.
Department of Finance
Bangko Sentral ng Pilipinas
Securities and Exchange Commission
Insurance Commission
