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What is BSP?

The central monetary authority of the


Philippines which regulates the flow of money
and credit into the whole economy in order to
attain monetary stability and sustainable
growth.
Supervises the banking institutions and
regulates many non-bank financial
institutions.
Monetary Board
The Monetary Board is the policy making body
of the BSP.
It is composed of seven members who are
appointed by the President of the Philippines.
The chairman of the board is the Governor of
the BSP who serves a six-year term.
Monetary Board
1. Amando M. Tetangco, Jr. (Governor)
2. Carlos G. Dominguez (representing the
National Government)
3. Alfredo C. Antonio
4. Juan D. De Zuniga
5. Valentin A. Araneta
6. Felipe M. Medalla
7. Armando L. Suratos
Objectives of BSP
1. The primary objective is to maintain price
stability conducive to a balanced and
sustainable growth of the economy.
2. It shall promote and maintain monetary
stability and the convertibility of peso.
Functions of BSP
Liquidity management
Currency issue
Lender of last resort
Financial supervision
Management of foreign currency reserves
Determination of exchange rate policy
Banker, financial advisor and official
depository of the Government
Supervision VS Regulation
Supervision includes not only the issuance of
rules and regulations but also overseeing of
operations of a financial institution to ascertain
that such rules and regulations are complied
with.
Regulation refers to the issuance of rules of
conduct or the establishment of modes or
standards of operation for uniform application to
all financial institutions or functions covered.
BSP Supervises the Banking Institutions
Universal banks/expanded commercial banks
Ordinary commercial banks
Savings and mortgage banks
Private development banks
Stock savings and loan associations
Rural banks
Government banks
BSP Regulates the Non-Bank Financial Institutions

Investment houses
Investment companies
Financing companies
Securities dealers and brokers
Non-stock savings and loan associations
Lending investors
Pawnshops
Building and loan associations
Fund managers for retirement, provident, and
pension funds
Types of Examination
General or regular examination undertaken
once a year
Special or interim examination conducted
as often as necessary
Special investigation conducted when a
complaint is received by the BSP
Benefits of Bank Supervision
1. Prevention of over-expansion or under-
expansion of money and credit through a
system-wide monopoly or through excessive
competition.
2. Elimination of local monopoly.
3. Protection of depositors against the
consequences of bank failures.
Purposes of Supervision and Regulation
1. To ensure the full compliance with laws, rules
and regulations affecting the operations and
activities of financial institutions.
2. To ensure that the financial institutions being
supervised and regulated are operating on a
sound financial basis (that is, they are solvent
and stable), so that their stockholders are
assured of a fair return on their capital
investment.
Purposes of Supervision and Regulation
3. To act as guardian of depositors and money
market investors to ensure that they get not
only the interests but also their deposits and
placements.
4. To protect the interest of the governments
investments.
Purposes of Supervision and Regulation
5. To protect the interest of other creditors of
financial institutions.
6. To ensure the stability , solvency, and safety of
our financial system towards the economic
development of urban and rural areas.
Thank you!