Ensuring the quality of your training programs on good governance is also important, as this counts as compliance to the BSP’s mandatory requirement for bank directors and key officers. As you are aware, weak governance and lack of transparency have been cited as among the causes of the continuing global financial crisis and economic downturn.
There are other programs that I know BAIPHIL can take on quite effectively, which are aligned with our special advocacies at the Bangko Sentral ng Pilipinas. One of these is economic and financial education for Filipinos. So far, we have institutionalized the integration into the public elementary school curriculum lessons on saving and money management starting schoolyear 2008-2009.