Finance
Banking Laws
Table of Contents
A. The New Central Bank Act Republic Act No. 7653
B. The General Banking Act Republic Act No. 337
In General Establishment of Domestic Banks Licensing of Foreign Banks Commercial Banking Corporations and Universal Banks Thrift Banks Act of 1996 Republic Act No. 7906 Building and Loans Associations Rural Banks Act of 1992 Republic Act No. 7353
C. An Act Liberalizing the Entry of Foreign Banks Republic Act No. 7721
D. Offshore Banking System Law Pres. Decree No. 1034
E. Foreign Currency Deposits Act Republic Act No. 6426, as amended
F. An Act Creating the PDIC Republic Act No. 3531
G. The Truth in Lending Act Republic Act No. 3765
H. Law on Secrecy of Bank Deposits Republic Act No. 1405
Note: We have included several banking laws which are not in the bar coverage. Likewise, we have incorporated several laws on non-bank financial intermediaries. Since they are not covered by the bar exam, the reviewee has the option of not reading them.
Banking and Finance in General
Two types of financing
1. equity
2. debt-financing
• A cross-breed of the two may also occur.
Intermediaries
1. Banks
2. Non-bank financial intermediaries
3. Exchanges
4. Others i.e. secondary markets
Function of intermediaries
1. “Brokering” or matching investors with those in need of financing
2. Help in diminishing risks to investors
3. Provide liquidity
New Central Bank Act
Republic Act No. 7653
Approved 14 June 1993
In General
Mandate
• The Bangko Sentral ng Pilipinas is the State’s central monetary authority, mandated in the 1987 Constitution, which shall function and operate as an independent and accountable body corporate in the discharge of its mandated responsibilities concerning money,
Table of Contents
A. The New Central Bank Act Republic Act No. 7653
B. The General Banking Act Republic Act No. 337
In General Establishment of Domestic Banks Licensing of Foreign Banks Commercial Banking Corporations and Universal Banks Thrift Banks Act of 1996 Republic Act No. 7906 Building and Loans Associations Rural Banks Act of 1992 Republic Act No. 7353
C. An Act Liberalizing the Entry of Foreign Banks Republic Act No. 7721
D. Offshore Banking System Law Pres. Decree No. 1034
E. Foreign Currency Deposits Act Republic Act No. 6426, as amended
F. An Act Creating the PDIC Republic Act No. 3531
G. The Truth in Lending Act Republic Act No. 3765
H. Law on Secrecy of Bank Deposits Republic Act No. 1405
Note: We have included several banking laws which are not in the bar coverage. Likewise, we have incorporated several laws on non-bank financial intermediaries. Since they are not covered by the bar exam, the reviewee has the option of not reading them.
Banking and Finance in General
Two types of financing
1. equity
2. debt-financing
• A cross-breed of the two may also occur.
Intermediaries
1. Banks
2. Non-bank financial intermediaries
3. Exchanges
4. Others i.e. secondary markets
Function of intermediaries
1. “Brokering” or matching investors with those in need of financing
2. Help in diminishing risks to investors
3. Provide liquidity
New Central Bank Act
Republic Act No. 7653
Approved 14 June 1993
In General
Mandate
• The Bangko Sentral ng Pilipinas is the State’s central monetary authority, mandated in the 1987 Constitution, which shall function and operate as an independent and accountable body corporate in the discharge of its mandated responsibilities concerning money,