This case has been cited 1 times or more.
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2013-01-15 |
REYES, J. |
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| The CB-MB (now BSP-MB) was created to perform executive functions with respect to the establishment, operation or liquidation of banking and credit institutions, and branches and agencies thereof.[19] It does not perform judicial or quasi-judicial functions. Certainly, the issuance of CB Circular No. 905 was done in the exercise of an executive function. Certiorari will not lie in the instant case.[20] | |||||