New leaders take charge at Philippines central bank

New governor pledges to enhance financial inclusion, mitigate cyber-crime risk and fine-tune monetary policy

Philippines flag handover
Amando Tetangco (l) passes the BSP flag to his successor, Nestor Espenilla
BSP

Nestor Espenilla took over the governorship of the Central Bank of the Philippines (BSP) from Amando Tetangco earlier this week, marking the beginning of a new chapter for the central bank.

The fourth governor of the BSP since its establishment in 1993, Espenilla joined the central bank’s earlier incarnation in 1981 as a debt analyst and steadily rose through the ranks until he was appointed deputy governor for the supervision and examination sector in 2005. Espenilla’s term as BSP governor

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