Presentation bsp.pptx

8/21/2019 Presentation bsp.pptx

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Bangko

sentral ngpilipinas

HISTORY

BSP VISION AND

MISSION

OVERVIEW OF

FUNCTIONS AND

OPERATIONS

ORGANIZATION

OF THE BANK


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Chronology of Events: Central Banking in

the Philippines1900 Act No. 52 was passed by the First Philippine Commission

placing all banks under the Bureau of reasury. he !nsular reasurer was authori"ed to super#ise and e$amine banksand banking acti#ities.

February 1929 he Bureau of Banking under the &epartment of Financetook o#er the task of banking super#ision.

1939 A bill establishing a central bank was drafted by 'ecretary

of Finance (anuel )o$as and appro#ed by the Philippine

*egislature. +owe#er, the bill was returned by the -'

go#ernment, without action, to the Commonwealth

o#ernment.

1946 A /oint Philippine0American Finance Commission wascreated to study the Philippine currency and bankingsystem. he Commission recommended the reform of themonetary system, the formation of a central bank and theregulation of money and credit.

he charter of the Central Bank of uatemala was chosenas the model of the proposed central bank charter.


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3 January 1949 he Central Bank of the Philippines 1CBP was inaugurated and

formally opened with +on. (iguel Cuaderno, 'r. as the 3rstgo#ernor.

he broad policy ob/ecti#es contained in )A No. 245 guided the

CBP in the implementation of its duties and responsibilities,particularly in relation to the promotion of economicde#elopment in addition to the maintenance of internal ande$ternal monetary stability.

August 1947 A Central Bank Council was formed to re#iew the Commissions

report and prepare the necessary legislation forimplementation.

Chronology of e#ents66..

February 1948

President (anuel )o$as submitted to Congress a bill78stablishing the Central Bank of the Philippines, de3ning itspowers in the administration of the monetary and bankingsystem, amending pertinent pro#isions of the Administrati#eCode with respect to the currency and the Bureau of Banking,and for other purposes.

15 June 1948 he bill was signed into law as )epublic Act No. 245 1heCentral Bank Act by President 8lpidio 9uirino.


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November 1972 )A No. 245 was amended by Presidential &ecree No. :2 to

make the CBP more responsi#e to changing economicconditions.

P& No. :2 emphasi"ed the maintenance of domestic andinternational monetary stability as the primary ob/ecti#e ofthe CBP. (oreo#er, the CBPs authority was e$panded toinclude not only the super#ision of the banking system butalso the regulation of the entire 3nancial system.

January 1981 Further amendments were made with the issuance of P&No. ;::; to impro#e and strengthen the 3nancial system,among which was the increase in the capitali"ation of theCBP from P;< million to P;< billion.

19868$ecuti#e =rder No. ;4 amended the (onetary Boardmembership to promote greater harmony and coordinationof go#ernment monetary and 3scal policies.

3 July 1993 he Bangko 'entral ng Pilipinas 1B'P was established toreplace the CBP as the countrys central monetary authority.

Chronology of e#ents6..


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The !" #$s$on an% &$ss$on

#$s$on

The BSP aims to be a world-class monetary authority and acatalyst for a globally competitive economy and financial system

that delivers a high quality of life for all Filipinos.

&$ss$on

BSP is committed to promote and maintain price stability andprovide proactive leadership in bringing about a strong financial

system conducive to a balanced and sustainable growth of theeconomy. Towards this end, it shall conduct sound monetary policyand effective supervision over financial institutions under its

urisdiction.


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'verv$e( o) Fun*t$ons an% '+erat$ons

'b,e*t$ves

The BSP!s primary obective is to maintain price stabilityconducive to a balanced and sustainable economic growth.The BSP also aims to promote and preserve monetary stabilityand the convertibility of the national currency.

-es+ons$b$l$t$es an% )un*t$ons

•.$/u$%$ty &anagement. The BSP formulates and implementsmonetary policy aimed at influencing money supply consistent with itsprimary obective to maintain price stability.

urren*y $ssue. The BSP has the e"clusive power to issue thenational currency. #ll notes and coins issued by the BSP are fullyguaranteed by the $overnment and are considered legal tender for allprivate and public debts.


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• .en%er o) last resort. The BSP e"tends discounts, loans and advances to ban%ing

institutions for liquidity purposes.

F$nan*$al !u+erv$s$on. The BSP supervises ban%s and e"ercises regulatory powersover non-ban% institutions performing quasi-ban%ing functions.

&anagement o) )ore$gn *urren*y reserves. The BSP see%s to maintain sufficientinternational reserves to meet any foreseeable net demands for foreign currencies in

order to preserve the international stability and convertibility of the Philippine peso.

● eterm$nat$on o) e*hange rate +ol$*y. The BSP determines the e"change ratepolicy of the Philippines. &urrently, the BSP adheres to a mar%et-oriented foreigne"change rate policy such that the role of Bang%o Sentral is principally to ensureorderly conditions in the mar%et.

=#er#iew functions6.

● 'ther a*t$v$t$es. The BSP functions as the ban%er, financial advisor and officialdepository of the $overnment, its political subdivisions and instrumentalities andgovernment-owned and -controlled corporations.


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The BSP's Organizational Structure

as of June 2009The current members of the

Monetary Board are:• Amando M. Tetangco, Jr.,

Chairman• Romulo L. eri• !icente B. !alde"e>as, Jr.• Raul A. Boncan• Juanita #. Amatong• Alfredo C. Antonio• elly $. !illafuerte

%&&'("resent( Amando M.

Tetangco, Jr.

●The Monetary )tability

)ector , *hich ta+es chargeof the formulation and

im"lementation of the

B)s monetary "olicy,

including ser-ing theban+ing needs of all ban+s

through acce"ting de"osits,

ser-icing *ithdra*als and

etending credit through the

rediscounting facility

●The )u"er-ision and /amination )ector ,*hich enforces and monitors com"liance to

ban+ing la*s to "romote a sound and healthyban+ing system

●The Resource Management

)ector, *hich ser-es the human,financial and "hysical resource

needs of the B).

●The )ecurity lant

Com"le 0)C1 of theBang+o )entral ng ili"inas

is res"onsible for the

"roduction of the hili""ine

currency. 2ts establishment

enables the Bang+o

)entral ng ili"inas 0B)1

to ha-e control of the

su""ly, security and 3uality

of the hili""ine currency.


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The e*ut$ve &anagement !erv$*es


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1 '))$*e o) the !e*retary &onetary oar%• Provides administrative and secretarial services to the 'onetary Board.

3 '))$*e o) !+e*$al nvest$gat$on• (valuates ban% irregularities and anomalies noted in the

e"amination reports submitted by e"amining departments.

4 nternal Au%$t '))$*e• 'onitors the internal control system of the BSP)• *eviews and appraises the effectiveness of operating control systems) and• 'onitors utili+ation of security materials, disposal of production wastes,

and receipt of gold and other precious metals at the SP&.

monetary board4

2 '))$*e o) the eneral ounsel an% .egal !erv$*es• Prepares opinions and rulings for the 'B, the $overnor, and the eputy

$overnors on matters relating to policies, functions, operations andregulations of the Ban%) and

• Prosecutes or defends cases involving the BSP, the 'B, and 'anagement

in udicial and administrative proceedings.


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5 Treasury e+artment• 'anages the BSPs international reserves at a level and a mi" that allows the

BSP to meet any demands for foreign currency)• nderta%es open mar%et operations and transacts with accredited governmentsecurities dealers and the rest of the members of the ban%ing system in pursuitof strategies for the development of an active secondary mar%et forgovernment securities) and

• Participates in the Philippine ealing System to ensure the competitiveness ofthe Philippine peso and its convertibility into other acceptable foreign

currencies.

6 !ystems an% &etho%s '))$*e• (nsures a well organi+ed and integrated ban%wide effort to develop and

maintain efficient systems and procedures) and• Provides recommendations along the areas of manuali+ation, business process

reengineering, and systems support.

7 or+orate "lann$ng '))$*e• Provides technical support to 'anagement in the formulation and application of

strategic plans and practices and in the development of guidelinespolicies inpreparation for departmental wor% plans.

go-ernor4


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8 !" !ta)) $n the Ant$&oney .aun%er$ng oun*$l !e*retar$at• #ssists the #nti-'oney /aundering &ouncil in implementing the provision of the

#nti-'oney /aundering /aw, otherwise %nown as *epublic #ct 0123)• *eceives transaction reports from covered institutions, investigates suspicious

transactions, and causes the filing of complaints with the epartment of 4ustice orthe 5mbudsman for the prosecution of money laundering offenses) and

Under the Anti-Money Laundering Law, all members of the Secretariat are consideredregular employees of the BSP.

A manpower pool for the AML Secretariat was created in the !ffice of the "o#ernor$!"% to address the problem of recruiting &ualified personnel with a minimum of fi#e-year residency either in the BSP, Securities and '(change ommission, or )nsuranceommission $as re&uired by *A +%.

All positions in the Pool shall be abolished upon the appointment of their incumbents

to corresponding positions at the AML Secretariat.

9 -$s: &anagement '))$*e• #ggregates the various ris% e"posures of the Ban%)• 6dentifies appropriate ris% control measures) and• (nsures that appropriate ris% management practices are being implemented at all

times.

go-ernor4


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10 or+orate A))a$rs '))$*e

• 6mplements the public relations and advertising programs of the BSP to promoteand enhance its corporate image.

go-ernor4


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The !e*ur$ty "lant om+le


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1 -esear*h an% evelo+ment rou+

• &onducts research and development studies on various aspects of theoperations of the Security Plant &omple" 7SP&8, especially on ban%noteprinting and coin minting operations.

2 !" F$nan*$al !erv$*es an% ata &anagement rou+• Prepares financial statements and consolidates cash flows, income

statements and balance sheets for SP&)• *ecords financial receipts and disbursements and processes bills for

payment) and• &oordinates data collection activities and provides technical support on

software applications.

3 an:notes !e*ur$t$es an% "r$nt$ng e+artment• 'anages and performs the printing of ban%notes and other security

documents 7i.e. passports and land titles8.

)ecurity "lant com"le4


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4 &$nt an% -e)$nery '+erat$ons e+artment

• 'anages and performs the minting of coins, commemorative medals,and refines gold purchased from local pannersminers.

5 e+artment o) eneral !erv$*es• 'anages the procurement of supplies, equipment, and services for the

SP& and the general maintenance and up%eep of its facilities.


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TO BE CONTINUE!

B" OU# NE$T #EPO#TE#

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Presentation bsp.pptx