Philippines Central Bank Deputy Governor Chuchi Fonacier & other experts discuss Risk Management

Kurumba – The second session of the 35th ABA General Meeting and Conference on November 16, 2018 on “Risk Management Imperatives in the New World Order” featured Chuchi G. Fonacier, Deputy Governor at the Financial Supervision Sector of Bangko Sentral ng Pilipinas (BSP).

During her comprehensive presentation, Deputy Governor Fonacier first explained the components of Risk management, the risk facing the globalized world in general and the Philippine banks in particular. She proceeded to explain the present situation of Philippines banks and the strategies that BSP implements to mitigate risks in the Philippine financial market.

2018 1211 Fonacier 1028 x 578

Furthermore, Deputy Governor Fonacier described the supervisory framework, the risk surveillance, and the industry performance measures taken by BSP.

She also explained how BSP uses a series of flexible risk management measures to monitor and control risk areas in credit risk, liquidity risk, operational risks, among many other risks detected or emerging.

The conclusion of her presentation focused on the way BSP approaches innovative Fintech and its potential inclusion into the BSP system.

To download the complete Deputy Governor Chuchi G. Fonacier’s presentation on risk management click HERE.

2018 1207 VanSees 1028 x 578

The second presenter in the Risk Management Imperatives in the New World Order session was Asian Development Bank’s Vice President of Finance and Risk Management, Ingrid van Wees, who discussed risks issues in Asian economies.

2018 1207 Musaifd 1028 x 578

The third presenter was Mohamad-Reza Mostafid, Consultant to the CEO at Bank Pasargad, who spoke about cryptocurrencies in technology and financial terms, and the risks banks and related financial institutions could be exposed in dealing with cryptocurrencies. His technical presentation can be downloaded HERE.

This session was chaired and moderated by Mahesh Kumar Sharma, East Asia Regional Head of the State Bank of India.

The PDF files of the presentations can be downloaded from the ABA website’s archives HERE.


Leave a Reply

Your email address will not be published.

Special Feature

Bankers' Corner: new sharing feature in ABA website

The ABA introduces the “Bankers’ Corner”, a new feature of the ABA website designed to provide a platform for members to post information or materials that you may wish to share with other members of the Association or anyone who may be interested in them. We encourage members to take advantage of this platform and send your materials to the ABA Secretariat through