Let's Talk Legal Lecture Series

Risk-based Assessment System (RAS) refers to a method of calculating an insured bank’s assessment on the probability that the DIF will incur a loss with respect to the bank, and the likely amount of such loss, based on its risk rating that takes into consideration the following, except:

• Quality and concentration of assets

• Categories and concentration of equities both insured and uninsured, contingent and noncontingent

• Capital position

• Management and governance

ARA stands for __________________.

• Appropriate Regulatory Authority

• Application Release Automation

• Applicable Regulatory Authority

• Asset Regulatory Authority

The Implementing Rules and Regulations of R.A. No. 11840 took effect on ________________.

• October 26, 2022

• October 27, 2022

• October 26, 2021

• November 8, 2022

The following are the grounds for bank examination of the PDIC: i) There is a finding of fraud; ii) There is a finding of unsafe and unsound banking related to deposit-taking; and iii) There is failure of prompt corrective action as declared by the Monetary Board.

• True

• False

Under the amendments introduced by R.A. No. 11840, the PDIC shall __________________.

• Serve as a Financial Institutions Strategic Transfer Corporation

• Be allowed to dispose assets to a Financial Institutions Strategic Transfer Corporation

• Be allowed to acquire closed bank assets from a Financial Institutions Strategic Transfer Corporation

• None of the above

The PDIC is exempted from R.A. No. 10149.

• True

• False

This is defined as a mutual guarantee in return for the commitment to donate an amount in the form of a specified contribution to the covered entities’ risk fund, whereby a group of covered entities agree among themselves to support one another jointly for the losses arising from specified risks.

• Kafala

• Murabaha

• Musawama

• None of the choices

The ___________ is mandated to conduct a study a study on the need to establish a risk-based assessment system within five (5) years from passage of R.A. 11840.

• Monetary Board

• Board of Directors

• Appropriate Regulatory Authority

• None of the above

The amendments introduced by R.A. No. 11840 directs the PDIC to cover Islamic bank products

• True

• False

1.      The PDIC is an attached agency of the __________________________.

• Department of Finance

• Bangko Sentral ng Pilipinas

• Securities and Exchange Commission

• Insurance Commission