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Monetary Conference Tackles E - Banking

02.23.2001

The Bangko Sentral ng Pilipinas is set to gather government officials, bankers, businessmen, academicians and other observers of the Philippine economy to tackle the challenges and opportunities of electronic banking (e-banking). As organizer and host of the conference, the Bangko Sentral has invited foreign experts to discuss the implications of e-banking on monetary policy and the regulatory environment, as well as on the design of the payment and settlement systems. Adding the Philippine perspective to these topics are panel discussants from the public and private sectors as well as the academe. The conference will be held on 26 February 2001 at the Mindanao Ballroom of the Westin Philippine Plaza.

Mr. Chee Sung Lee, Division Chief at the Monetary and Exchange Affairs Department of the International Monetary Fund will speak on the Monetary Policy Implications of Recent Developments in E-Banking in Emerging Markets. Mr. Enoch Ch’ng, Senior Director of Market Infrastructure and Risk Advisory Department of the Monetary Authority of Singapore will talk on Information Technology Revolution: Shaping the Future of Payment and Settlement Systems while Mr. George Pickering, Chief Representative for Asia and the Pacific of the Bank for International Settlements, will discuss E-Banking: A Regulatory Perspective. Among the distinguished panel discussants who will be giving their reactions are: 1) Dr. Dante B. Canlas, Secretary of Socio-Economic Planning and Director General of the National Economic and Development Authority; 2) Dr. Vicente B. Valdepeñas, Jr., Monetary Board Member of the Bangko Sentral ng Pilipinas; 3) Dr. Placido L. Mapa, Jr., President of the Bankers Association of the Philippines; 4) Ms. Cornelia C. Dagdag, President of the Philippine Central Depository; 5) Mr.Cesar C. Santos, Jr., Senior Country Operations Officer; and 6) Dr. Ma. Socorro Gochoco-Bautista, Professor at the University of the Philippines School of Economics. BSP Governor Rafael B. Buenaventura will deliver the opening remarks.

The one-day conference is in line with the Bangko Sentral’s efforts to provide a venue for a structured exchange of views among central bankers, policymakers, academicians and other practitioners. This, in turn, is expected to enhance the substance and effectiveness of policy discussions as well as inform the public on key issues with a view to facilitating the efficient functioning of markets.

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