The Governor of the Bangko Sentral ng Pilipinas (Filipino: Tagapangasiwa ng Bangko Sentral ng Pilipinas) is the chief executive officer of the Bangko Sentral ng Pilipinas, the Philippines' central bank. This position succeeds and replaces the earlier post of Governor of the Central Bank of the Philippines.
Prepare the agenda for the meetings of the Monetary Board and to submit for the consideration of the Board the policies and measures that he believes to be necessary to carry out the purposes and provisions of said Act;
Execute and administer the policies and measures approved by the Monetary Board;
Direct and supervise the operations and internal administration of the Bangko Sentral. The Governor may delegate certain of his administrative responsibilities to other officers or may assign specific tasks or responsibilities to any full-time member of the Monetary Board without additional remuneration or allowance whenever he may deem fit or subject to such rules and regulations as the Monetary Board may prescribe;
Appoint and fix the remunerations and other emoluments of personnel below the rank of a department head in accordance with the position and compensation plans approved by the Monetary Board, as well as to impose disciplinary measures upon personnel of the Bangko Sentral, subject to the provisions of Section 15(c) of said Act: Provided, That removal of personnel shall be with the approval of the Monetary Board;
Render opinions, decisions, or rulings, which shall be final and executory until reversed or modified by the Monetary Board, on matters regarding application or enforcement of laws pertaining to institutions supervised by the Bangko Sentral and laws pertaining to quasi-banks, as well as regulations, policies or instructions issued by the Monetary Board, and the implementation thereof; and
Exercise such other powers as may be vested in him by the Monetary Board.
In capacity as the principal representative of Bangko Sentral and the Monetary Board and in accordance with the instructions of the Monetary Board, he shall be empowered to:
Represent the Monetary Board and the Bangko Sentral in all dealings with other offices, agencies and instrumentalities of the Government, and all other persons or entities, public or private, whether domestic, foreign or international;
Sign contracts entered into by the Bangko Sentral, notes and securities issued by the Bangko Sentral, all reports, balance sheets, profit and loss statements, correspondence, and other documents of the Bangko Sentral;
Represent the Bangko Sentral, either personally or through counsel, including private counsel, as may be authorized by the Monetary Board, in any legal proceedings, action or specialized legal studies; and
Delegate his power to represent the Bangko Sentral, to other officers upon his own responsibility: Provided, however, That in order to preserve the integrity and the prestige of his office, the Governor of the Bangko Sentral may choose not to participate in preliminary discussions with any multilateral banking or financial institution on any negotiations for the Government within or outside the Philippines. During the negotiations, he may instead be represented by a permanent negotiator.[3]
^Alegado, Siegfrid (March 4, 2019). "Philippines Names Diokno as Central Bank Chief in Surprise Move". www.bloomberg.com. Retrieved 2019-03-05.
^Fenol, Jessica (June 30, 2022). "PROFILE: Seasoned economist Felipe Medalla taking helm of Bangko Sentral ng Pilipinas". ABS-CBN News. Retrieved June 30, 2022.
^ ab"Bangko Sentral ng Pilipinas - About the Bank - Governance". Bangko Sentral ng Pilipinas. Retrieved December 26, 2016. This article incorporates text from this source, which is in the public domain.
^"Bangko Sentral Governors". Bangko Sentral ng Pilipinas. Retrieved December 26, 2016.
March 13, 2023
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The Governor of the Bangko Sentral ng Pilipinas Filipino Tagapangasiwa ng Bangko Sentral ng Pilipinas is the chief executive officer of the Bangko Sentral ng Pilipinas the Philippines central bank This position succeeds and replaces the earlier post of Governor of the Central Bank of the Philippines Governor of the Bangko Sentral ng PilipinasTagapangasiwa ngBangko Sentral ng PilipinasOfficial central bank sealIncumbentFelipe Medallasince June 30 2022Member ofThe Monetary BoardAnti Money Laundering CouncilSeatBSP Complex Roxas Boulevard Manila PhilippinesAppointerThe President with the consent of the Commission on AppointmentsTerm lengthSix yearsrenewable onceConstituting instrumentThe BSP Charter The New Central Bank Act RA11211 1 Inaugural holderMiguel Cuaderno Sr as Governor of the Central Bank Gabriel Singson as Governor of the Bangko Sentral FormationJanuary 3 1949 Central Bank July 3 1993 Bangko Sentral Websitebsp gov phOn June 30 2022 President Bongbong Marcos appointed Felipe Medalla as the sixth Governor of the Bangko Sentral ng Pilipinas serving the unexpired term of his predecessor which will end in July 2023 1 Benjamin Diokno who was subsequently appointed as Secretary of Finance 2 Contents 1 Roles with other agencies 2 Powers and duties 3 List of governors of Bangko Sentral 4 ReferencesRoles with other agencies EditHe also serves as the chairman and principal representative of the Monetary Board chairman of Anti Money Laundering Council and Philippine International Convention Center vice chairman of the Governing Council of Agriculture Credit Policy Council member of the Capital Market Development Council Export Development Council PhilExport board of trustees and Philippine Export Import Credit Agency and director of Philippine Deposit Insurance Corporation National Development Council and National Home Mortgage Finance Corporation 3 Powers and duties EditHis powers and duties as the chief executive officer of the Bangko Sentral shall be to Prepare the agenda for the meetings of the Monetary Board and to submit for the consideration of the Board the policies and measures that he believes to be necessary to carry out the purposes and provisions of said Act Execute and administer the policies and measures approved by the Monetary Board Direct and supervise the operations and internal administration of the Bangko Sentral The Governor may delegate certain of his administrative responsibilities to other officers or may assign specific tasks or responsibilities to any full time member of the Monetary Board without additional remuneration or allowance whenever he may deem fit or subject to such rules and regulations as the Monetary Board may prescribe Appoint and fix the remunerations and other emoluments of personnel below the rank of a department head in accordance with the position and compensation plans approved by the Monetary Board as well as to impose disciplinary measures upon personnel of the Bangko Sentral subject to the provisions of Section 15 c of said Act Provided That removal of personnel shall be with the approval of the Monetary Board Render opinions decisions or rulings which shall be final and executory until reversed or modified by the Monetary Board on matters regarding application or enforcement of laws pertaining to institutions supervised by the Bangko Sentral and laws pertaining to quasi banks as well as regulations policies or instructions issued by the Monetary Board and the implementation thereof and Exercise such other powers as may be vested in him by the Monetary Board In capacity as the principal representative of Bangko Sentral and the Monetary Board and in accordance with the instructions of the Monetary Board he shall be empowered to Represent the Monetary Board and the Bangko Sentral in all dealings with other offices agencies and instrumentalities of the Government and all other persons or entities public or private whether domestic foreign or international Sign contracts entered into by the Bangko Sentral notes and securities issued by the Bangko Sentral all reports balance sheets profit and loss statements correspondence and other documents of the Bangko Sentral Represent the Bangko Sentral either personally or through counsel including private counsel as may be authorized by the Monetary Board in any legal proceedings action or specialized legal studies and Delegate his power to represent the Bangko Sentral to other officers upon his own responsibility Provided however That in order to preserve the integrity and the prestige of his office the Governor of the Bangko Sentral may choose not to participate in preliminary discussions with any multilateral banking or financial institution on any negotiations for the Government within or outside the Philippines During the negotiations he may instead be represented by a permanent negotiator 3 List of governors of Bangko Sentral EditGovernors of the Central Bank 4 Name Tenure President sFrom UntilMiguel Cuaderno Sr January 3 1949 December 31 1960 Elpidio Quirino Ramon MagsaysayCarlos P GarciaAndres Castillo January 6 1961 December 31 1967 Carlos P GarciaDiosdado MacapagalFerdinand MarcosAlfonso Calalang January 1 1968 January 9 1970 Ferdinand MarcosGregorio Licaros January 10 1970 January 15 1981Jaime C Laya January 16 1981 January 18 1984Jose B Fernandez Jr January 19 1984 February 19 1990 Ferdinand MarcosCorazon AquinoJose L Cuisia Jr February 20 1990 July 2 1993 Corazon AquinoFidel V RamosGovernors of the Bangko SentralName Tenure President sFrom UntilGabriel Singson July 6 1993 July 5 1999 Fidel V RamosJoseph Ejercito EstradaRafael Buenaventura July 6 1999 July 3 2005 Joseph Ejercito EstradaGloria Macapagal ArroyoAmando Tetangco Jr July 4 2005 July 3 2017 Gloria Macapagal Arroyo Benigno S Aquino IIIRodrigo DuterteNestor Espenilla Jr July 3 2017 February 23 2019 Rodrigo DuterteBenjamin Diokno March 4 2019 June 30 2022Felipe Medalla July 1 2022 Incumbent Bongbong Marcos Died in officeReferences Edit Alegado Siegfrid March 4 2019 Philippines Names Diokno as Central Bank Chief in Surprise Move www bloomberg com Retrieved 2019 03 05 Fenol Jessica June 30 2022 PROFILE Seasoned economist Felipe Medalla taking helm of Bangko Sentral ng Pilipinas ABS CBN News Retrieved June 30 2022 a b Bangko Sentral ng Pilipinas About the Bank Governance Bangko Sentral ng Pilipinas Retrieved December 26 2016 This article incorporates text from this source which is in the public domain Bangko Sentral Governors Bangko Sentral ng Pilipinas Retrieved December 26 2016 Retrieved from https en wikipedia org w index php title Governor of the Bangko Sentral ng Pilipinas amp oldid 1127340677, wikipedia, wiki, book, books, library,
