Benjamin E Diokno: Opening message for the Financial Sector
Forum-Carnegie Mellon University on Exponential Technologies
and the Financial Sector
Opening message by Mr Benjamin E Diokno, Governor of Bangko Sentral ng Pilipinas (BSP, the
central bank of the Philippines), for the Financial Sector Forum-Carnegie Mellon University
on Exponential Technologies and the Financial Sector, online, 2 March 2022.
* * *
Professor Emil Bolongaita, Head of Carnegie Mellon University - Australia, Professor Ariel
ZetlinJones, Associate Professor of Economics, Tepper School of Business and visiting scholar of the
Federal Reserve Bank of Philadelphia, Professor Murli Viswanathan Associate Professor of
Information Technology, Professor Riaz Esmailzadeh professor of Management of Information
Technology, Securities and Exchange Commission Chairperson Emilio Aquino, Insurance
Commission Commissioner Atty. Dennis B. Funa, Philippine Deposit Insurance Corporation
President Roberto Tan, Bangko Sentral ng Pilipinas Deputy Governor Chuchi Fonacier,
colleagues from the Financial Sector Forum, ladies and gentlemen, good morning!
The pursuit of learning is an unending journey. With the rapid changes in the financial landscape,
it is a must for every regulator to continue to learn and re-learn matters vital in carrying out our
mandates.
From the Financial Sector Forum Supervisory Technology and Regulatory Technology summit
held last October 2021, one thing is certain: the need for transformation that will bring forth a new
breed of supervisors.
It important that supervisors are not only technology literate, but are also competent and
knowledgeable in various digital technologies, such as AI, Blockchain, Machine Learning, and
other emerging technologies.
As such, the FSF, through its Information Exchange Committee will roll out additional training
programs designed to give an in-depth understanding of these technologies.
At this point, I'd like to thank our partners from Carnegie Mellon University Australia, headed by
Professor Emil Bolongaita, for sharing their knowledge with us all. Through this collaboration, we
hope to develop financial supervisors ready to take on the lead and be in the forefront of the
industry's digital transformation.
In closing, I'd like to welcome everyone to this online conference. I hope you take this opportunity
to widen your horizon and take in as much learning as you can to benefit your respective
agencies and the Philippine Financial Sector as a whole.
Thank you and good morning!