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The Bangko Sentral is responsible for providing policy directions in the areas of money, banking, and credit. It supervises bank operations and exercises regulatory powers over quasi-banks. Its primary objective is maintaining price stability and monetary stability. The law does not require prior notice and hearings before directing a bank to stop operations and be placed under receivership to prevent the dissipation of assets and protect the public. Grounds for receivership include a bank being unable to p

Author

zippy

Language

EN