Objective

To educate the bankers on the fundamental legal framework governing the operations of banks as well as the performance of their functions as bank directors, officers and employees. The program aims to strengthen the financial system through capacity building of people behind it that provides important financial services to the general public. Through this capacity building initiative, banks are expected to adhere to and comply with this legal framework.

This program intends to serve as an overview of the basic legal framework of banking for new bankers and as a refresher course for other more senior bankers. While this program is intended to be simply an overview or brief discussions of different laws affecting banks, the participants may supplement their knowledge by attending BAIPHIL seminars which offer in-depth discussions of related topics, such as Legal Liabilities of Bank Directors and Officers, Anti-Financial Account Scamming Act, Financial Consumer Protection Act, and other specific-topic courses on various BSP regulations.

Outline:

1. Supervisory and Regulatory Powers of BSP

This topic will delve into the fundamental powers of BSP granted under its revised charter (i.e., Rep. Act No. 7653, as amended) and other related laws. The participants will know the legal bases for each of the important supervisory and regulatory actions being undertaken by BSP, as well as the vital processes in coming up with certain supervisory actions.

2. Fundamental Laws Governing Bank Operations

This topic will essentially deal with a brief discussion of salient features of different relevant laws which are sources of duties and responsibilities of banks, such as the General Banking Law; Rural Bank Act, as amended; Foreign Bank Entry Liberalization Act, as amended; Islamic Banking and Finance Act; the latest amendments to the Agri-Agra Law; and the National Payments Systems Act.

3. Legal Framework of Corporate Governance System of Banks

This topic endeavors to teach the participants about legal aspect of corporate governance – the legal bases, relevant rules and regulations, and other matters related thereto. The participants will likewise learn about the legal consequences of holding the position of director, officer and employee of a bank.

4. Overview of Laws Protecting Financial Consumers

In view of the prevalent economic and social issues related to financial crimes affecting the general public, either as depositors, investors, or users of digital payment platforms, a number of legal requirements are now being imposed upon banks and other financial institutions to amply protect the integrity of the financial system and the public, in general. Compliance with the legal requirements is made mandatory under the relevant laws. In this discussion, the participants will be able to have an overview of the financial consumer protection laws, such as the Financial Consumer Protection Act (FCPA) and the Anti-Financial Account Scamming Act (AFASA). These topics only offer a brief discussion of the these laws, but to supplement their knowledge of these laws, participants are encourage to attend the more comprehensive BAIPHIL trainings on AFASA and FCPA which are being offered on a regular basis.

Resource Persons:

ATTY. ELMORE O. CAPULE

Deputy Governor, Corporate Services Sector

Bangko Sentral ng Pilipinas

ATTY. ALAIN BERT G. REGIS

Acting Director, Consumer Account Protection Office

Bangko Sentral ng Pilipinas

ATTY. JOSEPH B. SALUD

Bank Officer VI/Deputy Director, Office of the General Counsel and Legal Services

Bangko Sentral ng Pilipinas

Target Participants:

• Applicable to all bankers

Schedule:

July 4, 2025 (Friday) 9:00 AM – 4:00 PM

Training Fee per Participant:

Member Institution – Php 3,920.00

Non-Member Institution – Php 5,040.00

*VAT inclusive