Bangko Sentral ng Pilipinas (BSP) Governor Amando Tetangco Jr. reiterated on Tuesday the next central bank chief must be an insider and possess three major competencies to ensure a seamless change in BSP leadership. Tetangco also enumerated three competencies a central bank governor must possess, with a good understanding of the job a major requirement. The BSP governor said the above-mentioned quality would require experience, stressing that being knowledgeable in economics, monetary theory, as well as banking regulations would be very useful. A BSP governor must know how to work with the organization, Tetangco noted, saying the BSP is ready for leadership change because it is a solid institution, with committed employees and highly trained people. “The next BSP governor should know how to work with the organization that is there right now,” he said.

Source: Manila Times March 14, 2017 17:26 UTC