Banking Law Reviewer Responsibilities of the BSP (PSR)

The Banking System  Provide policy directions in the areas of money, banking and
credit
Types of Banks (URCC-GIT)
 Supervision over the operations of banks and exercise such
 Universal Banks regulatory powers over finance companies and non-bank
 Commercial Banks financial institutions performing quasi-banking functions, and
 Thrift Banks institutions performing similar functions.
o Savings and Mortgage Banks  Regulatory and examination powers over money service &
o Stock Savings and Loan Associations credit granting businesses and payment systems operators.
o Private Development Banks
Three Pillars of Central Banking
 Rural Banks
 Cooperative Banks  Monetary Stability
 Islamic Banks  Banking Supervision
 Government Banks (DBP and LBP)  Payments and Settlements

Types of Non-Bank Financial Intermediaries/Institutions Basic Functions of the BSP

 Insurance Companies
 Investment Houses
 Finance Companies
 Securities Dealers and Brokers
 Pawnshops
 Non-stock Savings and Loan Associations
 Building and Loan Associations
 Government Non-Bank Institutions (GSIS, SSS, Pag-IBIG,
PDIC, NDC)
 Cooperatives (Credit)

Primary Objective of the Central Bank

 To maintain price stability conducive to a balanced and

sustainable growth of the economy and employment.
 Promote and maintain monetary stability and the
convertibility of the peso.