The Bangko Sentral ng Pilipinas (BSP) and the Bankers Institute of the Philippines (BAIPHIL) formalized their longstanding partnership with the signing of a memorandum of understanding (MOU) on 18 December 2023 at the BSP Head Office in Manila.
BSP Governor Eli M. Remolona Jr. said, “The collaboration of BSP and BAIPHIL will go a long way in reaching out to our common stakeholders by providing support to banks toward productivity enhancement through research, information exchange, and education.”
BAIPHIL President Racquel B. Mañago declared, “This MOU commits us to work together more closely toward our common goal of professional development for banking professionals, financial literacy, and financial inclusion for the underserved and unbanked.”
The MOU covers joint activities, such as capacity building sessions for bank employees, officers, and directors; and the sharing of subject matter experts and non-confidential research materials.
The collaboration will include advocacies, such as digital finance, financial literacy, financial inclusion, sustainable finance, legislative initiatives, and reforms.
In addition, the central bank and BAIPHIL agreed to carry out joint research, studies, and publications on banking, monetary, and economic issues and topics; to exchange information on learning and training opportunities; and to hold regular consultations and meetings on the design and conduct of seminars, conferences, training and capacity building, research, and joint advocacies.
After the MOU signing, the following BSP senior officers were inducted as new members of BAIPHIL: Human Resource and Organization Development Managing Director Jayzle D. Ravelo; Office of the General Counsel and Legal Services (OGCLS) Deputy General Counsel and Senior Director Asma A. Panda; Financial Supervision Department III Director Mina G. Tiongson; OGCLS Bank Officer VI Joseph B. Salud; and Economic and Financial Learning Office Bank Officer V Jeniessa S. Espinosa.