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The following are ground for receivership under the new central bank act, except (Philippine Context) Willful violation of a cease and desist order that has

  1. The following are ground for receivership under the new central bank act, except (Philippine Context)
  • Willful violation of a cease and desist order that has become final involving acts or transactions which amount to fraud or a dissipation of the assets of the institution.
  • Insufficiency of realizable assets to meet its liabilities.
  • Inability to continue business without involving probable losses to its depositors or creditors.
  • Notification to the bangko sentral ng pilipinas or public announcement of a bank holiday.

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