Enforcement actions on banks for unauthorized loans

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BSP CIRCULAR NO. 797: Enforcement actions on banks for unauthorized loans

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Title Supreme Court: Enforcement actions on banks for unauthorized loans

Law: Bsp Circular No. 797

Decision Date: May 22, 2013

BSP Circular No. 797 establishes a framework for enforcing penalties on banks that fail to comply with borrowing regulations set forth in Republic Act No. 7653, imposing monetary fines and potential suspensions of lending operations for repeated offenses.

enforcement actions

monetary board

central bank

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