Please include an explanation.

Financial Regulators A. Bangko Sentral ng Pilipinas Luzon Bank is a duly registered Bangko Sentral ng Pilipinas Supervised Financial Institutions {BSFls} operating in every city of Luzon. In March 2020, the COVID -19 outbreak happened in the entire country. On March 8, 2020, the entire Luzon was placed under Extreme Enhanced Community quarantine. The said turn of events greatly impacted the BSFIs in terms of risk related exposures that severely affected borrowers. Operations were also disrupted due to localized work suspensions and heightened health and safety risks faced by the BSFls' employees and customers. To mitigate the risk aforementioned, Luzon Bank wanted to avail of the regulatory relief package under Memorandum No. M 2020 08 issued by the BSP. The bank's board of directors plan to provide PEELEIOD nancial assistance to its branch managers. Moreover, the bank wants to adopt a staggered bookkeeping of allowance for credit losses over a maximum of five [5] years for all types of credits it extended to individuals and businesses directly affected by the outbreak. Questions: 1. What should Luzon Bank submit to avail the relief package? 2. What function or role of the BSP is being manifested in the above scenario? Explain. . Securities and Exchange Commission [SEC] Anna Corporation is a publicly listed company that has a calendar year of operation; thus, it is required to le its annual report on May 15 of the following year. However, due to the coronavirus that affected the activities of most of the companies in the country, the Securities and Exchange Commission {SEC} on its press release announced that the filing of those companies whose scal year ended between January 31, 2020 and March 31 ,2020 will be extended 60 days from the original deadline. The said extension shall automatically apply without the need for requests from covered companies. Questions: 1. When is the last day Anna Corporation can le its annual report? Explain. 2. What function or role of the SEC is being manifested in the above scenario? Explain. C. Board of Investments (BOI) Sky and Able is a telecommunication company whose scal years end on February 15. It is located at Aeon Centre, a Philippine Economic Zone Authority (PEZA) registered information technology center. As a pioneering entity operating in an economic zone Area, Sky and Able avails the income tax holiday; and is thus exempted from the regular income tax. However, they are still required to file some reportoriai requirements such as submission of audited nancial statements to the Securities and Exchange Commission (SEC) every thirty (30) days after ling with the Bureau of Internal Revenue (BIR). Questions: 1. In connection to letter B, when should Sky and Able le its annual report to the SEC? 2. What function or role of BOI is being manifested in the above scenario? Explain. III. Market Drivers Laban Company is an established underwriter who imposes a 0.80% underwriting fee in every transaction it closes. (in the other hand, Bawi Company, a new player in the market, imposes an underwriting fee of 0.75% to its clients. Jackpot Company, another player, enters the market, offering an undenivriting fee of 0.60% for every transaction. Questions: 1. Who among the players will face a high risk of sustainability if it will not adjust to the competition? Why? 2. How can the government support the sustainability of Laban Company? IV. Monetary and Fiscal Policy On March 24, 2020, President Duterte signed the Republic Act 11469, otherwise known as "Bayanihan to Heal as One Act.\" The provision of the said act includes the following: 0 Ensure the availability of credit to productive sectors of society, such as lowering lending rates of interest and reserve requirements of lending institutions. 0 Provide emergency subsidy ranging from P5,000 to P8300 to around 18 million low-income households for two (2} months. On the other hand, on March 19, the Monetary Board of BSP slashed the interest rates by 50% basis points or 0.5% to lower the cost of borrowings to encourage more business activities that could soften the impact of the coronavirus. Questions: 1. Explain the monetary policy setting being implemented in the above scenario. 2. Explain what components of scal policy is being depicted in the above scenario