As provided under Section 202 of the CMTA, the BOC is mandated to:
As mandated by Section 602 of the TCCP; Assess and collect lawful revenues:
Department of Finances (DOF) directly responsible over the fiscal and financial affairs of local government. Under a decentralized regime, BLGF provides a catalytic role in effective and sustainable management of fiscal and financial resources of LGUs, transforming them into self-reliant communities. It is vigilant and dedicated to pursuit of development and professionalization of its employees including those of the local treasury and assessment services.
INSURER, provides adequate depositor protection and education and ensure immediate processing and settlement of depositor claims; As REGULATOR, conducts diligent monitoring and examination of member banks and implement prompt, decisive and prudent interventions; As RECEIVER, implements efficient receivership, judicious rehabilitation, and expeditious liquidation of closed banks.
To stimulate, increase and develop the export of goods and services, and to facilitate investment in strategic sectors for the country’s development by extending guarantees, insurance, credit and related technical assistance services to viable enterprises
The Philippine Government is committed to a free market economy. There is, however, significant direct government involvement in the country’s economic activity through both economic planning and the state-ownership of numerous corporations involved in certain strategic sectors, such as banking, power-generation, oil production and transportation.
The Securities and Exchange Commission (SEC) or the Commission is the national government regulatory agency charged with supervision over the corporate sector, the capital market participants, the securities and investment instruments market, and the investing public. Created on October 26, 1936 by Commonwealth Act (CA) 83 also known as The Securities Act, the Commission was tasked to regulate the sale and registration of securities, exchanges, brokers, dealers and salesmen.