amando m tetangco, jr : the thrift banking industry amid an evolving global landscape speech by mr amando m tetangco, jr, governor of bangko sentral ng pilipinas ( the central bank of the philippines ), at the annual convention of the chamber of thrift banks, manila, 21 march 2012. * * * the officers and members of the chamber of thrift banks under the leadership of president patrick cheng, distinguished leaders of the banking community, fellow workers in government, special guests from the media, ladies and gentlemen, good morning. on behalf of the bangko sentral ng pilipinas, i commend the ctb for the choice of its convention theme this year. it is simple and straightforward : “ thrift banks : partner in national development ”. there is a clear understanding of the role you play in our economy. indeed, by accumulating savings of depositors to finance small and medium enterprises … as well as consumer loans, … thrift banks continue to help the economy grow and generate employment. the resources of thrift banks deposits, loans and capital have all grown substantially. a review of industry figures indicate that increases in deposits in thrift banks were matched by similar increases in loans to consumers … as well as to micro, small, and medium enterprises … or what we call msmes. as a result, thrift banks in general are comfortably above the minimum threshold … mandated for msme lending. nevertheless, given that our banks remain quite liquid, thrift banks can help more deserving msmes. the importance of msmes in our country cannot be overemphasized. the msme sector provides employment for most filipinos ; it is, in fact, the backbone of our economy. this is where the members of the chamber of thrift banks can make a lot of difference in terms of moving our economy forward. ladies and gentlemen. our country is poised to achieve solid growth this year … with both our monetary and fiscal engines running. the bsp ’ s recent monetary policy decisions have kept our interest rates at low single - digit levels. this keeps the cost of money down and provides stimulus for our economy. at the same time, government has been raising more revenues and will be spending more this year for infrastructure, education, and other public services. steady investment inflows provide additional impetus for growth. thus, while the global economy continues to grapple with the adverse impact of the debt crisis in europe and slower

benjamin e diokno : strengthening the bsp ’ s collaboration with the academic community opening remarks by mr benjamin e diokno, governor of bangko sentral ng pilipinas ( bsp, the central bank of the philippines ), at the signing of memorandum of understanding between the bangko sentral ng pilipinas and carnegie mellon university - australia, manila, 2 september 2019. * * * prof. ramayya krishnan, dean, heinz college of the carnegie mellon university ; prof. emil bolongaita, head of the carnegie mellon university – australia ; my bsp colleagues … good morning. the bangko sentral ng pilipinas has been known as one that continuously ensures the continued learning and capacity building of its people. the need to pursue this has become more relevant given the ever changing landscape of central banking and the growing complexity and increasing demands of the banking and financial industries as it embraces digital transformation. currently, the bangko sentral ng pilipinas is pursuing the strategy for technology adoption in regulatory supervision ( stars ) program, which covers real - time market surveillance, digital supervision and examination, data analytics, data collection, and distribution. we are also pursuing the national retail payment system ( nrps ) modernization initiatives, financial technology ( fintech ) innovations to promote financial inclusion, cashless purchase card initiatives, among others. the card production for the philippine identification system ( philsys ) and use of government ereceipts are bsp ’ s contribution to the e - government master plan of the national government. internally, the bsp is strengthening and updating its systems and processes through the integrated hr information system and strengthening its information security, including data privacy and cybersecurity. these initiatives — to be successful — would require the up - skilling or re - tooling of bsp staff and the re - engineering of the systems and processes of the bsp. however, we cannot do this alone, and this brings me to our activity, and why we are all here, today. the digital transformation initiatives of the bangko sentral ng pilipinas requires collaborations with leading practitioners and experts and globally recognized centers of excellence like the carnegie mellon university ( cmu ) – australia, to ensure its success. the campuses of the cmu have all been acclaimed to be leaders in their respective fields of specialization. in fact, the times higher education has ranked cmu as 24th among the thousands of universities in the world. cmu has also