For our actions to mitigate the impact of COVID-19, we received the “Best Systemic and Prudential Regulator in Asia Pacific” award from the Asian Banker in October 2020. We also received the 2020 Gold Standard Award for Country and Trade Promotion for our efforts in ensuring that the international investment community sees a truthful and transparent picture of the Philippine economy.
What is the role of the central bank in the financial sector? The primary responsibility of the BoU is to regulate the financial sector. Regulation has two objectives. The first is to protect the interests of depositors.