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SINCE the effectivity of the Financial Consumer Protection Act (Republic Act 11765) in June 2022, the Bangko Sentral ng Pilipinas (BSP) has logged more than 40,000 complaints from customers of different BSP-supervised financial institutions from all over the Philippines. Of this number, only around 5 percent come from Mindanao, implying the Mindanaoans' unawareness of the law.
FINANCE Secretary Ralph G. Recto has been sworn in as the administration’s representative in the Monetary Board, the highest policy making body of the Bangko Sentral ng Pilipinas (BSP). In a statement, BSP said Governor Eli M. Remolona Jr. administered the oath to Recto last Monday at the BSP head…
The Bangko Sentral ng Pilipinas (BSP) is still awaiting word on who will be appointed by the President as the administration representative in the Monetary Board (MB), the highest policymaking body of the central bank. President Ferdinand R. Marcos Jr. recently appointed former Finance Secretary Benjamin E. Diokno to a…