CHAP 2
Cards (49)
- Designed to set rules and guidelines to be followed to ensure balance among individuals, firms, and/or citizens. Also designed to reconcile conflicting interests.
- A process whereby the designated government authority provides oversight and establishes rules for firms in an industry.
- Sets regulatory measures to address certain risks and social factors.
- The probability of a firm to fail its objective that may result in a ripple effect to the economy.
- A factor that requires established policies to consider the effect on the consumers' welfare.
- A factor that is considered to ensure that dynamism and agility of the policy to adopt in a fast-changing environment.
- A type of regulation whereby rules and standards are set to oversee the ability of the companies to establish and maintain appropriate levels of capital to sustain its operation. It includes setting controls over the market factors that will affect the financial sustainability of the firms and players in the industry.
- What are the market drivers?
- Behavior in the market can be demonstrated through?
- What is the most common issue of a company?
- The government imposes rules to govern the behavior of the financial institutions and financial markets intends to minimize the risk of uncertainty and strengthen the integrity of the firms
- A threat that arises where a segment or firm is not stable to meet its commitment because of failure to address the risks of the market.
- Setting rules to set standards, control and order on the financial activities, regardless of the source, is called?
- Under this law, the BSP will act as the central monetary authority which will act as a corporate body that is responsible concerning money, banking and credit.
- The Monetary Board is composed of how many members?
- Responsible mainly for the supervision and regulation of banks and other financial institutions under the scope of BSP.
- Aims to conduct the formulation of monetary policy, ensure its implementation and assess its effectiveness.
- Responsible in production, distribution, disposal or retirement of currencies in the Philippines including security documents, commemorative medals and medallions.
- Support group of BSP that conducts the human capital management, financial services, information technology support and other corporate resource management.
- The law requires that the creditor shall issue information to the person whom they are going to extend the credit to make them anticipate the risks associated with their application.
- If any entity or person who in connection with any credit transaction fails to disclose the required information or violates the TLA shall be penalized at least?
- If the creditor willfully violate the TLA, what are the penalties?
- What are the four types of deposit accounts?
- A standing credit facility offered by the BSP to aid banks to meet temporary liquidity needs through financing the loans that banks extend to their clients.
- BSP offers an ____ facility to cover for any shortfall demand deposit accounts of the banks with the BSP resulting from clearing operations.
- Refers to the deficit in a deposit account resulting from withdrawing more money than what is deposited in the account.
- It serve as insurer of deposits placed in banks. This entity protects depositors through deposit insurance coverage which help maintain financial stability in the market.
- How much deposits are insured by the PDIC?
- It regulates and supervice the insurance, pre-need, and health maintenance organization industry. Governed by the Department of Finance that supervises and regulates the operations of life and non-life companies. Issues licenses to insurance agents, general agents, resident agen,ts etc.
- The national government regulatory agency to administer oversight on the corporate sector, capital market participants and securities and investment instruments and promote corporate governance over these.
- The lead agency to promote investment in the country and thereby generate local and foreign investment in the country. An attached agency of DTI. It provides advisory, actualization, and post services to the investors.
- The availability of financial resources for deployment in the financial system. It is making the money available for use or for trade or investment.
- Practically based on the consumer price index (CPI)
- The weighted average value of the basket of prices of all commodities representing the market.
- The degree of movement of the CPI from period to another.
- The body that determines the current inflation based on the current movement of the commodities set as index in the market.
- Two types of inflation
- Used for most of the economic estimates since it excludes in the equation the movement of the commodities or incidents with very volatile movement or outliers.
- It captures that changes of the cost of living based on the movement of the basket of commodities as a whole.
- A set of interrelated processes of settlement of goods and services rendered in exchange for a set of instruments that will undergo either banking or non-banking procedures.