(iv) Governance & risk management As I have already alluded to, we are living in an increasingly complex, fast moving and challenging world. Successfully meeting these challenges requires effective leadership, governance and risk management.
The BSP has always believed in the viability of the country’s e-poor as a market segment, especially when they are provided with financial products and services appropriate to their needs and capacities. Such mindset has led BSP to issue over 40 microfinance-related circulars and foster an enabling regulatory environment. The BSP’s microfinance work gradually expanded into financial inclusion.