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Bangko Sentral ng Pilipinas Governor Eli M. Remolona Jr. has identified eight key challenges the central bank should address to make the BSP a more agile, responsive, and inclusive institution.
- Enhancing macroeconomic management. Refining the BSP’s research methodologies, data sets, forecasting models, and indicators is critical, especially with big data to foster more agile and informed policymaking
- Promoting financial stability through systemic risk management. Implementing an integrated approach to systemic risk management, enhancing both macroprudential oversight and microprudential supervision to safeguard financial stability
- Deepening capital markets. Participating in a whole-of-government strategy to enhance the financial sector’s infrastructure and expand market participation
- Balancing environmental, social, and governance (ESG) goals. Aligning the bank’s operations with ESG goals to ensure fair transition and inclusive adaptation within the BSP’s sustainability agenda
- Advancing high-quality research for evidence-based policymaking. Empowering the BSP to craft effective, timely policies through high-quality, evidence-based research
- Building resilience in a dynamic operating landscape. Navigating emerging issues promptly to maintain resilience and ensure the effective delivery of the BSP’s mandates
- Leveraging technology to enhance operational capabilities. Strengthening capabilities in utilizing existing and emerging technologies to thrive in a digital world
- Engaging stakeholders to promote awareness and advocacy. Enhancing engagement with stakeholders to foster understanding and support for the BSP’s mandates and advocacies