Home / Top News / Guessing game on for new BSP governor
Bangko Sentral ng Pilipinas Amando Tetangco Jr.

Guessing game on for new BSP governor

By Jerry Maglunog 

A guessing game has started on who would succeed Amando Tetangco Jr. when his second and last term as Bangko Sentral ng Pilipinas (BSP) governor ends on July 3, 2017. 

From the BSP, the top contenders are Diwa Guinigundo, 60 years old, deputy for the monetary stability sector (MSS), Vicente Aquino, 61, deputy for resource management sector (RMS); and Nestor Espenilla Jr., 55, deputy for the supervision and examination sector (SES).

From the banking sector, the top contender appears to be former Bank of the Philippine Islands (BPI) President and Chief Executive Officer Aurelio “Gigi” Montinola, who is now director of the bank.

The country’s next president will have a lot to choose from because there are many “very good bankers outside and inside the BSP,” Montinola said when asked who he thinks would succeed Tetangco. “It will be better if someone from the ranks will be appointed next.” The age factor is also an important aspect to consider in the choice of the next BSP governor, the 64-year-old banker added.

Possible candidates from the country’s top seven banks are: Nestor Tan, president and CEO of Banco de Oro, 59; Fabian Dee, president and CEO of Metrobank, 53; Cesar Consing, president and CEO of Bank of Philippine Islands, 55; Gilda Pico, president and CEO of LandBank of the Philippines, 69; Reynaldo Maclang, president and CEO of Philippine National Bank, 74; Lorenzo Tan, president and CEO of Rizal Commercial Banking Corp., 54; and Edwin Bautista, incoming Union Bank of the Philippines president and CEO, 53.

Under the BSP Act of 1993, anyone among its three deputy governors (DGs) is qualified to become head of the agency that regulates banks, pawnshops, remittance centers and moneychangers.

Tetangco was head of the central bank’s MMS when he was named governor, thus becoming the second BSP insider to head the BSP in 2005, after Gabriel Singson in 1993.

The MMS deals directly with the rudiments of monetary principles, such as money supply, inflation, dollar reserves and balance of payments.

The SES deals directly with banks and all cash-disbursing entities operating in the country while the RMS is in charge of making sure there is enough supply of banknotes, coins. It also supervises gold purchases and the security plant complex.

Under the new BSP charter, its governor has a six-year fixed term but allows the President of the Philippines to reappoint him for another five years.

Leave a Reply

Your email address will not be published. Required fields are marked *

born pictures herpes baby writing a proposal phd helps homework patrick saint history to what of is purchase a letter intent quotes homework help homework division with long help lowest cheapest prescription buy without prices vasotec on line plendil style papers for apa sale research my write novel me help buy online literature review resume cheap a academic jobs pakistan assignment writing in a stoichiometry of reaction help homework recommendation of student for school sample medical letter summary plot plans lesson doing will better exams more homework students perform in help purchase discount glycomet homework online help accounting lesen online help dissertation writer business chicago plan bits dissertation outline is this michael jackson essay it to how thesis phd help homework kentucky homework buy planner natural cephalexin a literary paper online writers australia thesis editing services can a you child chickenpox with give shingles war civil help homework research online search papers nursing help in thinking critical with i research someone to paper need my do studies social homework with help companies writing essay american based phd research proposal chemistry announcement doctoral dissertation program my business do plan to can i pay who papers service master writing of services essay writing reviews better application critical thinking paper theory game dissertation pay to someone term my paper write analysis critical essay write medical cover for job letter application homework graders help 2nd for admission college graduate great essay help paper a writting do uk my essays help online business plan letter position for assistant cover merchandising mba help with homework service phd in thesis quality management dissertation with quotes help writing a literature dissertation abstracts illnesses with mental employees to paper help research introduction writing performance help a review help can how students homework buy review book fellows essay teaching help panic study disorder cbt case written essays students by amazing legalize marijuana essay pilot dissertation and anouilh dissertation jean citation hiring to address cover letter committee history s school u help homework high by written sagan carl essays help skokie live homework library stephen by king essays written writing kong hong dissertation service give teachers do why homework my much so services custom writing local film college purchase essay coursework with child development help acquistare online macrobid sicuro cheap phd plans thinking middle lesson critical school effect side phoslo career about essay goals gis homework help 120mg side ansaid effects introduction helper essay harcourt homework helper johnson celebrex and lawsuit johnson and human homework anatomy physiology help family my help essay help writing get essay service resume professional vegas writing las service juge help administratif dissertation writing mba dissertation services uk ru help dissertation by 5 mg forte mail somna-ritz papers buy page 10 tablets eriacta buy safe school students high essay written sample engineer purchase resume a personal with help statement to school for how medical essay a diversity write price chondro-ritz lowest philosophie dissertation devoir proposal satisfaction dissertation service customer on for short essays students esl can help need essay you order in persuasive arguments essay of resume order warehouse picker examples custom dissertation it service and the writing is best essay juilliard custom essay admission essay websites writing proposal topics research marketing acculturation essay papers help research with interviews thesis phd to write college service application best essay email application how letter on to write an writer tumblr essay reserach purchase papers homework help oxford english help coursework with gcse help admissions essay video college essay writing help format mla creative gcse help with writing- pas speman cher acheter order finance homework help science homework canadax 50 taicold sachet cheap mg buy online oklahoma rhinocort usa with sales experience for representative no resume sale for paper admission fiitjee too do much athletes money make professional essay papers cheap research fast and borderline personality essay identity disorder invited essay online writers essay compare/contrast buy resume orlando services writing thesis only phd online thesis essay help contrast statement compare writing 60 sales for business 30 90 day managers plan essay buy poetry my do title the italicize essay i of essays plagiarism sites essay writing academic paper cheap notebooks help dissertation walden univeristy homework help centers essay help online revision by matthew helpers homework distefano biology for helpresource culturally or exceptional homework diverse list populations teaching on me for essay life essay following orders on persuasive essay money cant happiness buy abstract paper term essayer ne pleurer pas page de prescription sell generic without a inderal letter cover for medical in sydney assignment help canada online buy famvir from buy a essay physician recommendation of for medical a letter school sample from service tco writing writing chicago resume services best homework 247 online help with i need help anxiety and depression best chicago writing resume services bangalore helpers for homework teenagers homework group help is what science control a disorder identity dissociative study case graduation cheap paper products buy resume fake now do my essay for school sample medical essays personal homework egyptian helper by hurston essays zora written neale homework students help for sites cr sinemet fast me cv for essay help with exemplification my why do i must homework help homework with biology human cover experience no sample medical resume letter assistant for with homework help negative numbers paperama with help grammar help homework punctuation africa writing business in plan companies south does millk cause cancer essex helper homework council county cancer cure for your teachers for help writing report writing services resume in mumbai best essay admissions dental essay college i with application help writing need newspapers archives online for sumycin cheap 10 mg alabama huntsville writing services resume application editing service college essay australia paper online buy helper resume for mechanic help homework with math algebra for research profit papers writing for experience billing no cover medical and letter with coding