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BSP Receives Award for Best Conduct of Business Regulator

06.06.2014

The Bangko Sentral ng Pilipinas (BSP) is the recipient of the Best Conduct of Business Regulator Award in Asia-Pacific for 2013 in recognition of its success in “building confidence in the financial services and markets, protecting consumer interest and ensuring market integrity as well as incorporating transparency and independency in its governance.”  The award was given by The Asian Banker, one of Asia’s leading financial services consultancies, at its Business Achievement Awards Dinner held recently in Kuala Lumpur. BSP Deputy Governor Nestor  Espenilla, Jr. (center) received the award on behalf of the BSP from (left to right) The Risk Games Convention chair Michael Ong, The Asian Banker International Resource Director Gordian Gaeta, University of HK Professor of Risk Management Edwin Yuen and The Asian Banker Chairman & CEO Emmanuel Daniel. The Asian Banker said: “The BSP has consistently committed to establishing an inclusive financial system that provides effective access to finance for all, regardless of their socio-economic status. It also set and followed a clear vision that steadily pursued and embedded the financial inclusion objective and continued to promote an enabling environment for microfinance as a key advocacy to support poverty reduction. It also adopted a consumer protection framework that makes consumer protection an integral part of banking supervision.”  Last year, The Asian Banker named the BSP as Best Macroeconomic Regulator.    

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