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The document outlines provisions related to the Philippine Deposit Insurance Corporation (PDIC) and its role in managing closed banks. It includes statements regarding the rights of depositors, the commencement of insured deposit determinations, and penalties for obstructing PDIC actions. Additionally, it discusses concepts of systemic and insolvency risks within the banking system.

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Ashryle Salazar
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5 views1 page

Sssssss

The document outlines provisions related to the Philippine Deposit Insurance Corporation (PDIC) and its role in managing closed banks. It includes statements regarding the rights of depositors, the commencement of insured deposit determinations, and penalties for obstructing PDIC actions. Additionally, it discusses concepts of systemic and insolvency risks within the banking system.

Uploaded by

Ashryle Salazar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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PHILIPPINE DEPOSIT INSURANCE CORPORATION /R.A.

3591, As
amended

II. The PDIC shall not be subrogated to all rights of the depositor against the
closed bank to the extent of such payment.
A. Only I is true
B. Only II is true
C. Both are true
D. Both are false

13. I. The PDIC shall commence the determination of insured deposits due the
depositors of a closed bank upon its actual takeover of the closed bank.
Π. Payment of an insured deposit to any person by the PDIC shall discharge
the PDIC, and payment of transferred deposit to any person by the new bank
or by an insured bank in which a transferred deposit has been made

available shall discharge the PDIC and such new bank or other insured bank,
to the same extent that payment to such person by the closed bank would
have discharged it from liability for the insured deposit.
A. Only I is true
B. Only Il is true
C. Both are true
D. Both are false

14. It refers to the possibility that failure of one bank to settle net transactions
with other banks will trigger a chain reaction, depriving other banks of funds
leading to a general shutdown of normal clearing and settlement activity.
A. Insolvency risk
B. Systemic risk
C. Pandemic risk
D. Bankruptcy risk

15. It means the likelihood of a sudden, unexpected collapse of confidence in a

significant portion of the banking or financial system with potentially large


real economic effects.
A. Systemic risk
B. Insolvency risk
C. Pandemic risk
D. Bankruptcy risk

16. 1. The penalty of imprisonment of not less than 6 years but not more than 12
years or a fine of not less than P50,000 but not more than P10,000,000 or
both, at the discretion of the court, shall be imposed upon any director,
officer,employee or agent of a bank for refusal to allow the PDIC to takeover
a closed bank or obstructing such action of the PDIC.
II. The penalty of imprisonment of not less than 6 years but not more than 12
years fine of not less than P50,000 but not more than P10,000,000 or
or a

both, at the discretion of the court, shall be imposed upon any person for
930

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