Philippine Bar review · Question

Practice question: Banks, Quasi-banks, and Trust Entities Distinguished

Multiple Choice Easy

Practice question

Which regulator supervises banks and exercises regulatory powers over quasi-banks and trust entities under RA 8791?
  1. Only a barangay council
  2. Only a private trade group
  3. Only an external auditor
  4. The BSP
  5. Only the tax assessor

Legal references

  • https://lawphil.net/statutes/repacts/ra2000/ra_8791_2000.html — RA 8791, sections 3, 4, 6 and 79–83

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