Group 1: BSP Flashcards
is responsible for carrying out the duties and functions of the Bangko Sentral ng Pilipinas (BSP), including overseeing monetary policy and supervising the financial system.
Monetary Board
serves as the chairman, alongside five full-time members from the private sector and one representative from the Cabinet.
BSP Governor
as the chief executive officer of the BSP, is responsible for overseeing and managing the BSP’s operations and internal administration.
BSP Governor
Chairman
Eli M. Remolona Jr.
Members of BSP
- Ralph G. Recto
- Romeo L. Bernardo
- Rosalia V. De Leon
- Walter C. Wassmer Benjamin E. Diokno
- Jose L. Querubin
CORE FUNCTIONS OF BSP
A. Price Stability
B. Financial Stability or Stable Banking System
C. Efficient Payments and Settlements System
refers to the maintenance of stable prices over time, with a target inflation rate that ensures the value of money remains relatively constant.
Price stability
involves a resilient banking system that can withstand economic shocks, ensuring that financial institutions operate soundly and effectively.
Financial stability
ensures that financial transactions can be executed quickly, securely, and reliably.
efficient payments and settlements system
Core Values of the BSP
- Excellence
- Patriotism
- Integrity
- Solidarity
- Accountability
Mission of the BSP
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.
Vision of BSP
The BSP aims to be recognized globally as the monetary authority and primary financial system supervisor that supports a strong economy and promotes a high quality of life for all Filipinos.
Consistently doing our best to master our craft, continually improving our competencies and learning new things in pursuit of the organizational goals, comparable to the best practices of other central banks.
Excellence
Performing mandate with sincerity, honesty and uprightness, worthy of respect and emulation from others.
Integrity
Selfless commitment to the service of the Filipino people and the country.
Patriotism
Performing with team spirit; acting and thinking as one in the pursuit of common goals and objectives.
Solidarity
Taking full responsibility for one’s or group’s actions.
Accountability
The name of the Bangko Sentral ng Pilipinas is rendered in _______, using a ______________ font, to signify the Bank’s operational efficiency, clarity of vision, and single-mindedness of purpose.
gold; clean sans-serif
to signify the Bank’s operational efficiency, clarity of vision, and single-mindedness of purpose.
clean sans-serif font
foreground elements represent the BSP’s aim to promote economic growth and prosperity, and the high standards of ethics and performance it holds.
yellow gold
_______________ background is evocative of the honor, dignity, and noble character of the Filipino people, and the BSP’s unwavering commitment to serve the
nation.
midnight blue
The logo is contained within a _______________—without sides, a beginning, or an end—accentuated by a bold border, to convey the singular and integrative nature of the BSP and its impartial approach to holistic growth and development.
perfect circle
The logo employs a photorealistic rendering of a Philippine eagle in flight, signifying the strength of leadership and foresight that the BSP provides in the financial sector and the economy.
GOLDEN PHILIPPINE EAGLE
The eagle’s_________________ - symbolize the BSP’s balanced, inclusive approach to growth and development, while also conveying the central monetary authority’s mastery over its field.
outstretched wings and tail feathers
