should the central bank still be involved in inclusion. our response in the bsp is yes, we should. we cannot ignore the financial consumer. when all is said and done, the purpose of a stable macroeconomic environment is ultimately to improve the consumer ’ s well - being. in the bsp, we have institutionalized financial inclusion in our strategic agenda. we put in place banking regulations that leverage on technology to increase access to financial products for the underserved and unbanked, strengthen financial consumer protection, and raise financial education and awareness to these new financial products and modes of delivery. we will also pursue the development of our national retail payments system or nrps. the nrps should move the country from being cash - heavy to being “ cash - lite ”. the nrps is expected to improve transparency, security, and efficiency and reduce costs in financial transactions. ladies and gentlemen, i presented three headlines. first, the philippines bucked the trend in 2015. next, we will continue to be resilient in 2016. and, finally we will endeavor to share the fruits of a strong macroeconomy to a broader cross - section of the economy. these three should be sufficient to make a full page of news. indeed, our country has continued to expand despite the difficult external and domestic operating environment. it has been said that difficulty or adversity builds character. in a way, we can say that the challenges our country has faced so far, and continue to face, have helped build our character. we have also built buffers in the interim. and have become stronger as a nation. but, i also believe difficulties or adversities reveal character. the challenges and difficulties we have faced have revealed that we, as a nation, have what it takes to be resilient. however, ladies and gentlemen, these sources of resilience and buffers, the gains that we have attained so far, all these can only be fully harnessed if you in the private sector will continue to do your part as well. you turn the wheels of industry and business. your actions will help solidify these gains. i hope to see you make headlines of your own. headlines that will help ensure the philippines sustains resilience in 2016 and beyond. thank you. bis central bankers ’ speeches

benjamin e diokno : financial health for filipinos through financial education speech by mr benjamin e diokno, governor of bangko sentral ng pilipinas ( bsp, the central bank of the philippines ), at the bsp financial education stakeholders expo, pasay city, 25 november 2019. * * * national economic development authority ( neda ) undersecretary rosemarie edillon ; department of education ( deped ) undersecretary ann sevilla ; philippine stock exchange ( pse ) chief operating officer atty. roel refran ; educators ; fellow public servants ; development partners ; leaders from the financial services industry and non - government sectors ; friends from the media ; honored guests ; good morning. the bangko sentral ng pilipinas ( bsp ) welcomes you to the 2nd financial education stakeholders expo. thank you for joining this annual event for financial education. in 2018, about 1, 000 financial education experts, practitioners and advocates gathered here in smx for the first ever expo. we envisioned it to bridge different players in the financial education space. we sought to know of their ongoing initiatives, understand challenges, and find opportunities for collaboration and partnerships. we wanted to determine ways forward to achieve shared financial education objectives. in a year, the seeds of collaboration planted in 2018 have started to take root. today we convene again to showcase the progress we have made, and what more we can do together. allow me to share what we can expect from the 2019 expo. the plenary sessions will present how financial education contributes to green and sustainable development. top financial advisors will impart lessons on responsible financial planning, making our money grow and becoming good financial role models. similar lessons will be highlighted in a theater production after the lunch break – this is quite interesting so stay tuned. tomorrow is just as exciting. we will go into breakout sessions, delve deeper into financial education challenges and solutions, and learn more about stock market investing. we will have entertaining sessions like a financial education board game, a financial literacy game show, an awards program, and a raffle draw for all expo participants. there will be special performances from actor ( mr. xian lim ) and a percussion group ( batangas drumbeaters ). so you better be here tomorrow to enjoy the fun! we also have 76 exhibit booths ( 60 exhibitor institutions / entities ) in the other room ( function room 5 ). our expo partners are showcasing their wares,