When I was appointed as the new Governor, one of the things that came to my mind is which direction to navigate this strong and well-respected organization. Then, I was reminded that the BSP is backed by dependable partners, whose continuing support and confidence, enable the institution to address challenges in the pursuit of its mandate, programs, and policies. This includes the FINEX.
Truly, holding the steering gear is a tough and challenging task but I am certain that I can get through this because I am supported by highly competent workforce and by dedicated partners. For this afternoon, I will first be providing an overview of the BSP’s strengthened mandate as the central monetary authority and supervisor of the Philippine financial system and payments system.