Bryce Anthony L.

Apit BSBA-2FMD
FM3 Friday (9:00-10:30)

The Monetary Board

Monetary Stability Resource Supervision and Payments and

Sector Management Sector Examination Sector Currency Sector

Microfinance and Anti-money

Financial Inclusion Laundering
Bryce Anthony L. Apit BSBA-2FMD
FM3 Friday (9:00-10:30)

It is the Monetary Board of the Bangko Sentral ng Philippines that is responsible for
carrying out the central bank's primary responsibilities. The Monetary Stability Sector, the
Resource Management Sector, the Supervision and Examination Sector, and the Payments and
Currency Sector are all under its authority and are responsible for a variety of tasks. The
authorities and functions of the BSP are assigned to the Monetary Board, which is responsible
for things like the implementation of monetary policy and the regulation of the financial sector.
The Monetary Stability Sector is the one that is in responsibility of the development and
implementation of the country's monetary policy. As a framework, it utilizes inflation targeting.
In order to maintain order and a strong financial infrastructure, it is the responsibility of the
Resource Management Sector to oversee and strictly enforce the regulations governing banking
compliance. Microfinance is a program that is part of the larger banking system that aims to
reduce poverty. In addition to this, the Resource Management Sector is in responsibility of
enforcing the Anti-money laundering law, which states that money laundering is a criminal
violation that is subject to legal punishment. All financial institutions are subject to random and
ongoing inspections by the Supervision and Examination Sector of the Bangko Sentral, which is
charged with the responsibility of carrying out these inspections. It is primarily the responsibility
of the Payments and Currency Sector to uphold the stability and credibility of the Philippine
currency, as well as to guarantee a payments and cash ecosystem that operates efficiently, so as
to promote economic activity and contribute to the expansion of the economy over the long term.
Moreover, this is the sector that deals with the 19 different currencies that can be exchanged
directly for the Philippine peso.