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HomeThe RegionDavaoREGIONAL INFO CAMPAIGN ON AMENDED CENTRAL BANK LAW KICKS-OFF IN DAVAO CITY

REGIONAL INFO CAMPAIGN ON AMENDED CENTRAL BANK LAW KICKS-OFF IN DAVAO CITY

The information campaign aims to promote better appreciation of the Amended BSP Charter among bankers, the media and regional stakeholders. 

For the one-day Davao briefing, the resource persons were BSP’s General Counsel and Senior Assistant Governor Atty. Elmore O. Capule; Financial Supervision Sector Managing Director Arifa A. Ala; and Department of Economic Research Deputy Director Sittie M. Butocan.   

        According to Atty. Capule, “R.A. No. 11211 enhances the central bank’s capacity to promote price stability, financial stability and a safe and reliable payments system. The law, which central bankers worked on for more than 20 years, is ultimately aimed at enhancing the economic and financial wellbeing of Filipinos.”

Managing Director Ala also said, “As a financial regulator, the BSP is further enhancing its supervision and examination framework in alignment with the BSP Charter amendments as well as international best practices.” 

The BSP implements the provisions of its amended charter amid an expanding economy. In her discussion of the Philippines’ growth story, Deputy Director Butocan said, “The Philippines is expected to remain one of the fastest growing economies in the region and in the world in 2019-2020.” 

         The briefings on the Amended BSP Charter will also be conducted in the cities of Cagayan de Oro, Cebu, Iloilo, Batangas and Baguio. 

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