BANGKO SENTRAL NG

PILIPINAS
(BSP)

SECURITIES AND
Cooperative Philippine Deposit
EXCHANGE
Development Authority Insurance Corporation
COMMISSION
(CDA) (PDIC)
(SEC)
The role of the Bangko Sentral ng Pilipinas as a government body in terms of
commercial and universal banks is that they are a central bank with administrative and
supervisory control over all banks and money related organizations practicing semi
banking capacities.

In relation with the commercial and universal banks, the Securities and
Exchange Commission is a particular government office that supervises over them
and its main functions are: (a) to direct, examine, or manage the exercises of people to
guarantee consistence with enterprise and protections laws; (b) to oversee, screen,
suspend, or assume control over the exercises of trades, clearing offices, and other
self-regulatory associations; (c) to force sanctions for infringement of laws and the
standards, guidelines, and requests issued compatible thereto; and (d) to issue
restraining requests to avoid misrepresentation or damage to the contributing open; and
(e) to constrain the officials of any enlisted partnership or relationship to assemble
conferences of investors or individuals under its watch.

The Cooperative Development Authority (CDA) was established under the

Republic Act 6369, its main function is to detail, embrace and execute coordinated and
complete plans and projects on agreeable advancement steady with the national
approach on cooperatives and the generally speaking financial improvement plans of
the Legislature; thus, having the same goal with commrercial banks but different
approach.

The PDIC or the Philippine Deposit Insurance Corporation is an

administration instrumentality made in 1963 by prudence of Republic Act 3591 to
safeguard the stores of all banks namely, commercial banks and universal banks which
are qualified for the advantages of protection. The PDIC with more grounded specialists
to secure the keeping open and advance money related dependability. The new law
additionally incorporates significant arrangements to guarantee that the PDIC remains
monetarily and institutionally solid to satisfy its order under its Sanction, which is to
secure depositors of commercial and universal banks, thrifts, and more. The PDIC is a
joined organization of the Department of Finance.

References
Authority, C. D. (n.d.). Retrieved from http://www.cda.gov.ph/resources/issuances/republic-act-6939

Mundi, L. (2006). Bank finance and regulation. Lex Mundi, 1-5.

PDIC. (n.d.). Retrieved from http://www.pdic.gov.ph/index.php?nid1=6&nid2=1&nid3=1