Inadequate preparation by the private sector could result in market dislocation once current benchmarks become obsolete. Progress in creating a new euro area benchmark New benchmarks are therefore needed.
Therefore, when UP President Roman and Dean Echanis approached the BSP for upgrading the old CBP/BSP chairs to UP Centennial Professorial Chairs, they found ready support within the Monetary Board. In awarding the chairs, the BSP affirms the academic excellence and freedom that makes the University of the Philippines what it is today.