About the Bank - Who We Are

Governance of the Bank

The Monetary Board exercises the powers and functions of the BSP, such as the conduct of monetary policy and supervision of the financial system. Its chairman is the BSP Governor, with five full-time members from the private sector and one member from the Cabinet.

The Governor is the chief executive officer of the BSP and is required to direct and supervise the operations and internal administration of the BSP.

A Deputy Governor heads each of the BSP's operating sectors as follows:

Monetary and Economics Sector (MES) - mainly responsible for the operations/activities related to monetary policy formulation, implementation, and assessment.
Financial Supervision Sector (FSS) - mainly responsible for the regulation of banks and other BSP-supervised financial institutions, as well as the oversight and supervision of financial technology and payment systems.
Corporate Services Sector (CSS) – mainly responsible for the effective management of BSP’s human, financial, and physical resources to support the BSP’s core functions, including oversight of the operations of the New Clark City – Program Management Office.
Payments and Currency Management Sector (PCMS) – mainly responsible for maintaining the safety and integrity of the Philippine currency and ensuring a well-functioning payments and cash ecosystem that facilitates the economic activity and supports long-run economic growth.
Regional Operations and Advocacy Sector (ROAS) - mainly responsible for the management of activities related to regional operations, consumer empowerment and advocacy, and communications.

A Senior Assistant Governor/Assistant Governor assists the Governor and/or the Deputy Governor in formulating and implementing programs and policies, and manages the overall operations of his/her Sub-Sector/Office.