Former central bank chief and now Finance Secretary Benjamin E. Diokno reiterated his full confidence in his successor, Felipe M. Medalla, in ensuring a pandemic-proof, digitalized and “agile and innovative” banking system..
Former central bank chief and now Finance Secretary Benjamin E. Diokno on Monday, July 4, reiterated his full confidence in his successor, Felipe M. Medalla, in ensuring a pandemic-proof, digitalized and “agile and innovative” banking system that is even closer to the people.
Medalla’s own six-year term as Monetary Board, in turn, will be filled up by a new Monetary Board member which will be named soon. Under the BSP Charter, there has to be seven Monetary Board members including the BSP chief which is the chairperson. “The pandemic has lasted years, and we know it is not yet over. But throughout this period, we did not sit idly by. We pursued many reforms, including on the legislative front,” said Diokno.
The BSP as a highly independent government financial institution is a much sought-after GFI employer. It is not only prestigious to work at the central bank, but employees have the highest state-funded salaries across the government system.
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