domestic front, the failure to enhance disaster resilience amid increased intensity and frequency of natural hazards and the failure deliver the planned build. build. build projects are among the key challenges that are on our radar screen. in the greater scheme of things, where does the bsp enter in the picture? what are the bsp ’ s policy thrusts to contribute in the collective goal of ensuring that the philippine economy stays on track – sustaining the growth and inflation dynamics – in 2020 and beyond? the answer is simple. the bsp will continue to pursue necessary policy measures and structural reforms to ensure that it will be able to deliver on its mandates. that is, to promote and maintain price stability, a strong financial system, and a safe and efficient payments and settlements system conducive to a sustainable and inclusive growth of the economy. and with the passage of republic act no. 11211, or the ‘ new central bank act ’ last year, you can be assured that we will remain steadfast to its expanded mandates. we will ensure the implementation the reforms provided in the act to improve bsp ’ s corporate viability and to align its operations with global best practices in central banking. for instance, the restoration of the central bank ’ s authority to issue its own debt papers too, has provided the bsp an additional policy instrument at its disposal. the bsp is already in the final 4 / 5 bis central bankers'speeches stage of crafting the policy framework for its debt securities issuances which is scheduled to begin in the third quarter of the year. in addition, the restoration of the bsp ’ s authority to obtain data from any private person or entity, from the public and private sectors, for policymaking purposes establishes a stronger prudential regulatory framework which helps promote a safe and sound financial system the amendment likewise empowers further the bsp to oversee the country ’ s payment and settlement systems ( pss ) including critical financial market infrastructures that are vital components of the payments and settlement systems. looking ahead, the bsp will continue to pursue the achievement of its mandates and objectives particularly in the advent of the “ fourth industrial revolution ”. our goal is to continue to leverage on emerging digital innovations – use of blockchain technology, fintech, mobile payments, and digital currencies, among others – to promote a more efficient and inclusive financial system. we want to foster an enabling ecosystem, bound by parameters set by bsp as a financial regulator, where responsible

amando m tetangco, jr : we are all wealth watchers speech by mr amando m tetangco, jr, governor of bangko sentral ng pilipinas ( bsp, the central bank of the philippines ), at the wealth watch book launch, manila, 3 july 2015. * * * this is the second time this week that we are launching a document related to financial empowerment. just two days ago, we launched the national strategy for financial inclusion, the document signed by 13 government agencies ( including the bsp ) which sets the strategic map for a unified national financial inclusion landscape. it is a living document that is meant to be populated by tactical plans of each of the agencies involved. and it is envisioned that following the launch, significant partnerships among government agencies as well as with the private sector would ensue. as you know, we had the queen of the netherlands, the un secretary general ’ s special advocate for financial inclusion for development, queen maxima, witness that occasion as our special guest. while we do not have a queen with us today, we are most privileged to have you our most significant partners in this journey of financial literacy and education and consumer protection to share this occasion with us. today, we launch a different document. a book. in fact, a “ wealth book ”. unlike the nsfi, this wealth watch book is not authored by 13 government agencies, but the book is authored by those “ closer to home ” – by our very own bspers from the financial consumer protection department ( fcpd ). the book is not for those who have no access to financial products and services but, it is for those who have a little bit more than others well, perhaps significantly more but who may need to be just as “ watchful ” in many respects, however, this book and the nsfi are about the same. because like the nsfi, our wealth watch book deals with information, and how you can make that information “ work ” for you. it is about stewardship of what you have. it is about preparing for unexpected events. it is about growth and growing what you have so you can have more. our launch today brings to mind the nba draft. at each draft, media would focus on how those towering “ boys ” who ’ ve been drafted would now move from “ living within tight college budgets ” to becoming and i quote from yahoo sports “ money making machines ”. sadly, however, we so often hear