Press Release
May 9, 2017

Senator Chiz on the appointment of Deputy Governor Nestor Espenilla as BSP Governor

I highly commend President Rodrigo Duterte's choice for Bangko Sentral ng Pilipinas Governor. From the start, I have been batting for an insider to replace Mr. Amando Tetangco, Jr. in order to ensure the continuity of policies and stability, thus far, of our monetary policies. This is essential in order to provide the needed fiscal and monetary backbone which, in turn, will ensure the continued and sustained robust growth of our economy.

As chairman of the Senate Committee on Banks, Financial Institutions and Currencies, I have been working closely with BSP in crafting and amending measures that will be beneficial to our country such as the Bank Secrecy Law, amending the Anti-Money Laundering Act, and amending the BSP Charter.

I wish Mr. Nestor Espenilla the best and I congratulate him on his appointment and designation. I look forward to continuously working with him again in many important pieces of legislation.

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