The Philippine Senate Committee on Banks, Financial Institutions and Currencies is a
standing committee
A committee or commission is a body of one or more persons subordinate to a deliberative assembly or other form of organization. A committee may not itself be considered to be a form of assembly or a decision-making body. Usually, an assembly o ...
of the
Senate of the Philippines
The Senate of the Philippines () is the upper house of Congress of the Philippines, Congress, the bicameral legislature of the Philippines, with the House of Representatives of the Philippines, House of Representatives as the lower house. The ...
.
Jurisdiction
According to the Rules of the Senate, the committee handles all matters relating to:
*
Banks
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets.
As banks ...
*
Financial institutions
A financial institution, sometimes called a banking institution, is a business entity that provides service as an intermediary for different types of financial monetary transactions. Broadly speaking, there are three major types of financial ins ...
* Government and
private currencies
A private currency is a currency issued by a private entity, be it an individual, a commercial business, a nonprofit or decentralization, decentralized common enterprise. It is often contrasted with fiat currency issued by Forms of government, gove ...
*
Capital markets
A capital market is a financial market in which long-term debt (over a year) or equity-backed securities are bought and sold, in contrast to a money market where short-term debt is bought and sold. Capital markets channel the wealth of savers t ...
*
Mutual funds
A mutual fund is an investment fund that pools money from many investors to purchase securities. The term is typically used in the United States, Canada, and India, while similar structures across the globe include the SICAV in Europe ('investmen ...
*
Securitization
Securitization is the financial practice of pooling various types of contractual debt such as residential mortgages, commercial mortgages, auto loans, or credit card debt obligations (or other non-debt assets which generate receivables) and sellin ...
*
Coin
A coin is a small object, usually round and flat, used primarily as a medium of exchange or legal tender. They are standardized in weight, and produced in large quantities at a mint in order to facilitate trade. They are most often issued by ...
age
*
Circulation of money
Members, 18th Congress
Based on the Rules of the Senate, the Senate Committee on Banks, Financial Institutions and Currencies has 9 members.
The
President Pro Tempore, the
Majority Floor Leader, and the
Minority Floor Leader are
''ex officio'' members.
Here are the members of the committee in the
18th Congress as of September 24, 2020:
Committee secretary: Harold Ian V. Bartolome
See also
*
List of Philippine Senate committees
This is a list of Philippine congressional committees (standing committees and special committees) that are currently operating in the Senate of the Philippines, the upper house of the Philippine Congress.
The composition of Senate committees ...
References
{{Philippine Senate
Banks
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets.
As banks ...
Finance in the Philippines