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Showing 1–11 of 11 articles for “monetary board”

Sovereign Debt vs Constitutional Mandates: Balancing Loan Agreements With National Interests

The Supreme Court upheld two China-financed loan agreements, ruling on presidential immunity, Monetary Board concurrence, and procurement rules.

Bank Closure Suspends Obligations: Impact on B.P. 22 Cases

When a bank is closed by the Monetary Board, obligations are suspended. This ruling explains why B.P. 22 charges may fail.

When Banks Can Refuse Payment: B.P. 22 and Bank Closure in Cu v. SB Corp.

Supreme Court ruling on B.P. 22 liability when a bank is closed by the Monetary Board and placed under PDIC receivership.

Monetary Board Members Liable for Unauthorized Extraordinary Expenses

Supreme Court holds Monetary Board members liable for disallowed EMEs received beyond GAA limits, rejecting good faith defense.

Declaratory Relief When CAN YOU Challenge A BSP Monetary Board Decision

Monetary Board's Bank Receivership Power Upheld for Public Protection

Supreme Court affirms Monetary Board's power to place banks under receivership without prior hearing, citing the "close now, hear later" doctrine.

PDIC Investigation vs Examination: When Is Monetary Board Approval Required

The Supreme Court clarifies when PDIC needs Monetary Board approval—investigation and examination are distinct powers under the PDIC Charter.

When Banks Must Answer: BSP Decisions Appealable to Court of Appeals

Explaining the Supreme Court ruling that BSP Monetary Board decisions on bank administrative complaints may be appealed to the Court of Appeals.

Improperly Impleading Agencies: BSP Exemption in Administrative Appeals

The Supreme Court clarifies that agencies like the BSP and Monetary Board cannot be impleaded as respondents in Rule 43 appeals.

Bank Closures Under RA 7653: Why a Report Suffices Without Full Examination

Supreme Court clarifies that under RA 7653, the BSP Monetary Board may close a bank based on a department head's report, not a full examination.

Due Process in Philippine Banking: Defending Against Monetary Board Sanctions

Learn how the Supreme Court defined due process rights for bank officers facing Monetary Board sanctions in Busuego v. Court of Appeals.