Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona, Jr. (center), together with Bankers Association of the Philippines (BAP) president Jose Teodoro Limcaoco (left) and BAP Open Market Committee Chairman Paul Favila (right) attend the media announcement on Capital Market Development through Enhancements in Short-Term Benchmarks on Sept. 30, 2024 atb BSP headquarters in Manila. The BSP and the BAP are taking their capital market development work further with creating an enhanced peso interest rate swaps (Peso IRS) market and enabling a repo market for government securities.
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