The BSP is deeply involved in various projects and activities to support the economic and social development objectives

of the
government through advocacy programs in microfinance,financial education and consumer protection,economic information,
andoverseas Filipinos' remittances environment.

Overview of the BSP

The Bangko Sentral ng Pilipinas (BSP) is the central bank of the Republic of the Philippines. It was established on 3 July 1993
pursuant to the provisions of the 1987 Philippine Constitution and the New Central Bank Act of 1993. The BSP took over from the
Central Bank of Philippines, which was established on 3 January 1949, as the countrys central monetary authority. The BSP
enjoys fiscal and administrative autonomy from the National Government in the pursuit of its mandated responsibilities.

The BSP Seal

The new BSP logo is a perfect round shape in blue that features three gold stars and a stylized
Philippine eagle rendered in white strokes. These main elements are framed on the left side with
the text inscription Bangko Sentral ng Pilipinas underscored by a gold line drawn in half circle.
The right side remains open, signifying freedom, openness, and readiness of the BSP, as
represented by the Philippine eagle, to soar and fly toward its goal. Putting all these elements
together is a solid blue background to signify stability.

Principal Elements:

1. The Philippine Eagle, our national bird, is the worlds largest eagle and is a symbol of strength,
clear vision and freedom, the qualities we aspire for as a central bank.

2. The three stars represent the three pillars of central banking: price stability, stable banking
system, and a safe and reliable payments system. It may also be interpreted as a geographical
representation of BSPs equal concern for the impact of its policies and programs on all Filipinos,
whether they are in Luzon, Visayas or Mindanao.

Colors
1. The blue background signifies stability.
2. The stars are rendered in gold to symbolize wisdom, wealth, idealism, and high quality.
3. The white color of the eagle and the text for BSP represents purity, neutrality, and mental
clarity.
 Font or Type Face Non-serif, bold for BANGKO SENTRAL NG PILIPINAS to suggest
solidity, strength, and stability. The use of non-serif fonts characterized by clean lines portrays the
no-nonsense professional manner of doing business at the BSP. Shape
Round shape to symbolize the continuing and unending quest to become an excellent monetary
authority committed to improve the quality of life of Filipinos. This round shape is also evocative
of our coins, the basic units of our currency.

Recruitment

Attention

1. Applicants must be Filipino citizens and meet or exceed the minimum requirements of the vacant position(s).

2. Applicants should indicate/specify the position applied for, and the name of the
department/office where the vacancy is, and the position key; otherwise, applications will not be acted upon.

3. Application forms should be answered properly and completely, e.g., "inclusive dates
(mm/dd/year - mm/dd/year)", etc.

4. Applications will be accepted on or before the deadline which is ten (10) calendar days from publication date; applications
received beyond the last day of publication will not be acted upon.

Interested applicants may apply

online

Otherwise, you may send your application, together with your Curriculum Vitae (CV) to:

Recruitment and Examination Division

Human Resource Management Department
Room 104, Ground Floor, 5-Storey Building
Bangko Sentral ng Pilipinas
1004 Malate, Manila

We further advise that the following documents be on hand and ready once requested:

1. Original and 2 photocopies of your:

a. Transcript of Records
b. Diploma
c. Civil Service Eligibility and/or Board Rating Certificate
2. 2 Copies of Updated Resume
3. 2 Pictures (Passport-size with white background)
4. Certificate/s of Employment with Duties & Responsibilities
5. Certificate/s of Trainings/Seminars taken
6. NSO copy of Birth Certificate
7. Marriage Contract (if applicable)
8. NBI, Police and Barangay Clearances

Applications will be considered valid for a period of one (1) year. Due to the large volume of applications we receive, only
applicants who are shortlisted will be contacted.

For feedback and suggestions, please email hrmd@bsp.gov.ph.

Workers affected by the global financial crisis are encouraged to apply.

As of : 7/1/2014
Position Title: Senior Accounting Specialist
Department: Financial Control Division I, in the Treasury Department
Job grade: 08
Job qualifications:

Bachelors degree relevant to the job

2 years of relevant experience

8 hours of relevant training

Career Service Professional/Second Level Eligibility

Position Key/s: 30009346

No. of Vacancy/ies: One (1)

Important Reminder : Applications will be accepted only from 01 July 2014 to 11 July 2014.

The BSP Vision and Mission

Vision
The BSP aims to be a world-class monetary authority and a catalyst for a globally competitive economy and financial system that
delivers a high quality of life for all Filipinos.

Mission
BSP is committed to promote and maintain price stability and provide proactive leadership in bringing about a strong financial
system conducive to a balanced and sustainable growth of the economy. Towards this end, it shall conduct sound monetary policy
and effective supervision over financial institutions under its jurisdiction.

Overview of Functions and Operations

Objectives
The BSPs primary objective is to maintain price stability conducive to a balanced and sustainable economic growth. The BSP
also aims to promote and preserve monetary stability and the convertibility of the national currency.

Responsibilities
The BSP provides policy directions in the areas of money, banking and credit. It supervises operations of banks and exercises
regulatory powers over non-bank financial institutions with quasi-banking functions.

Under the New Central Bank Act, the BSP performs the following functions, all of which relate to its status as the Republics
central monetary authority.

Liquidity Management. The BSP formulates and implements monetary policy aimed at influencing money supply
consistent with its primary objective to maintain price stability.

Currency issue. The BSP has the exclusive power to issue the national currency. All notes and coins issued by the BSP
are fully guaranteed by the Government and are considered legal tender for all private and public debts.

Lender of last resort. The BSP extends discounts, loans and advances to banking institutions for liquidity purposes.

Financial Supervision. The BSP supervises banks and exercises regulatory powers over non-bank institutions
performing quasi-banking functions.

Management of foreign currency reserves. The BSP seeks to maintain sufficient international reserves to meet any
foreseeable net demands for foreign currencies in order to preserve the international stability and convertibility of the
Philippine peso.

Determination of exchange rate policy. The BSP determines the exchange rate policy of the Philippines. Currently, the
BSP adheres to a market-oriented foreign exchange rate policy such that the role of Bangko Sentral is principally to
ensure orderly conditions in the market.
 Other activities. The BSP functions as the banker, financial advisor and official depository of the Government, its
political subdivisions and instrumentalities and government-owned and -controlled corporations.

Governance of the Bank

The Monetary Board exercises the powers and functions of the BSP, such as the conduct of monetary policy and supervision of the
financial system. Its chairman is the BSP Governor, with five full-time members from the private sector and one member from the
Cabinet.

The Governor is the chief executive officer of the BSP and is required to direct and supervise the operations and internal
administration of the BSP. A deputy governor heads each of the BSP's operating sector as follows:

Monetary Stability Sector takes charge of the formulation and implementation of the BSPs monetary policy, including
serving the banking needs of all banks through accepting deposits, servicing withdrawals and extending credit through
the rediscounting facility.

Supervision and Examination Sector enforces and monitors compliance to banking laws to promote a sound and healthy
banking system.

Resource Management Sector serves the human, financial and physical resource needs of the BSP

Contact Details

Bangko Sentral ng Pilipinas

A. Mabini St. cor. P. Ocampo St.,
Malate Manila, Philippines 1004
Tel. No. : (632) 708.77.01
E-mail: bspmail@bsp.gov.ph

BSP - Security Plant Complex

East Ave., Quezon City
Tel. No. : (632) 988.4800

Ma. Ramona Gertrudes D.T. Santiago

Tel. No.: (632) 708.7037
Assistant Governor
Fax No.: (632) 708.7048
Treasury Department

Amando M. Tetangco, Jr.

Tel. No.: (632) 708.7206
Governor and
Fax No.: (632) 708.7209
Chairman of the Monetary Board

Elvira E. Ditching-Lorico
Tel. No.: (632) 306.3133
Managing Director
Fax No.: (632) 306.2926
Human Resource Sub-sector
Lorelei S. Fernandez
Acting Chief Dealer Tel. No.: (632) 708.7040
Financial Market Operations Group Fax No.: (632) 708.7016
Treasury Department

Amor D. Flores
Acting Chief Investment Analytics Officer Tel. No.: (632) 708.7030
Investment Risk and Analytics Group Fax No.: (632) 708.7002
Treasury Department

Lagrimas G. Cruz
Acting Chief Financial Services Officer Tel. No.: (632) 708.7014
Financial Services Group Fax No.: (632) 7087016
Treasury Department

Amando Tetangco, Jr.

From Wikipedia, the free encyclopedia

Amando Maglalang Tetangco, Jr. (born November 14, 1952) is the incumbent Governor of the Bangko Sentral ng
Pilipinas(BSP).[1] He is the first BSP governor to serve two terms,[2] having been first appointed to the office by Philippine
president Gloria Macapagal Arroyo in July 2005, and reappointed in 2011 by President Benigno Aquino III to serve another six-
year term.

Early life and education[edit]

Born on November 14, 1952[3] to Amando, Sr. and the former Teodora Maglalang, Tetangco finished elementary and high school
at the Don Bosco Academy in Pampanga. He went on to pursue his AB Economics degree at the Ateneo de Manila University,
where he graduated cum laude; he also took up graduate courses in business administration in the same institution. Later on, as a
scholar of the then Central Bank of the Philippines, Tetangco completed his MA in Public Policy and Administration
(concentration inDevelopment Economics) at the University of Wisconsin in Madison, USA.

Tetangco is married to Elvira Ma. Plana, with whom he has three children: a son and two daughters. He is an avid shooter and
golfer.

Career[edit]

Before joining the BSP in 1974, Tetangco was connected to the management services division of the accounting firm Sycip Gorres
Velayo & Co.

A career central banker, he has occupied different positions in the organization in a span of over three decades. Immediately prior
to his appointment as BSP Governor, he was Deputy Governor in-charge of the Banking Services Sector, Economic Research and
Treasury.
As BSP Governor in 2005, Tetangco is concurrently the Chairman of the BSP Monetary Board, the Anti-Money Laundering
Council, and Philippine International Convention Center; Vice-Chairman of the Agriculture Credit Policy Council; member of the
Capital Market Development Council, Export Development Council, PhilExport Board of Trustees, Philippine Export-Import
Credit Agency; and director of the Philippine Deposit Insurance Corporation, National Development Council, and National Home
Mortgage Finance Corporation.

He also represents the country in various international and regional organizations, including the Executive Meeting of East Asia
and Pacific Central Banks; ASEAN and ASEAN+3; South East Asia Central Banks; South East Asia, New Zealand and Australia;
Center for Latin American Monetary Studies; and Asia-Pacific Economic Cooperation. He is the governor for the Philippines in
the International Monetary Fund, and the Alternate Governor in the World Bank and in the Asian Development Bank.

Honors and awards[edit]

In January 2013, Tetangco has been named Central Banker of the Year for Asia-Pacific by The Banker.[4]

Before this, he was honored in October 2012 by the financial magazine Emerging Markets as the Central Bank Governor of the
Year for Asia.[5]

In the same year, he was named as one of the world's six best central bankers for 2012 by the Global Finance magazine, an
accolade that had been previously given to him in 2006, 2007 and 2011.[6]

ARTICLE 1817. Any stipulation against the liability laid down in the preceding article shall be void, except as among the
partners. (n)

ARTICLE 1818. Every partner is an agent of the partnership for the purpose of its business, and the act of every partner, including
the execution in the partnership name of any instrument, for apparently carrying on in the usual way the business of the
partnership of which he is a member binds the partnership, unless the partner so acting has in fact no authority to act for the
partnership in the particular matter, and the person with whom he is dealing has knowledge of the fact that he has no such
authority.

An act of a partner which is not apparently for the carrying on of business of the partnership in the usual way does not bind the
partnership unless authorized by the other partners.

Except when authorized by the other partners or unless they have abandoned the business, one or more but less than all the
partners have no authority to:

(1) Assign the partnership property in trust for creditors or on the assignee's promise to pay the debts of the partnership;

(2) Dispose of the good-will of the business;

(3) Do any other act which would make it impossible to carry on the ordinary business of a partnership;

(4) Confess a judgment;

(5) Enter into a compromise concerning a partnership claim or liability;

(6) Submit a partnership claim or liability to arbitration;

(7) Renounce a claim of the partnership.

No act of a partner in contravention of a restriction on authority shall bind the partnership to persons having knowledge of the
restriction. (n)

ARTICLE 1819. Where title to real property is in the partnership name, any partner may convey title to such property by a
conveyance executed in the partnership name; but the partnership may recover such property unless the partner's act binds the
partnership under the provisions of the first paragraph of article 1818, or unless such property has been conveyed by the grantee or
a person claiming through such grantee to a holder for value without knowledge that the partner, in making the conveyance, has
exceeded his authority.

Where title to real property is in the name of the partnership, a conveyance executed by a partner, in his own name, passes the
equitable interest of the partnership, provided the act is one within the authority of the partner under the provisions of the first
paragraph of article 1818.

Where title to real property is in the name of one or more but not all the partners, and the record does not disclose the right of the
partnership, the partners in whose name the title stands may convey title to such property, but the partnership may recover such
property if the partners' act does not bind the partnership under the provisions of the first paragraph of article 1818, unless the
purchaser or his assignee, is a holder for value, without knowledge.

Where the title to real property is in the name of one or more or all the partners, or in a third person in trust for the partnership, a
conveyance executed by a partner in the partnership name, or in his own name, passes the equitable interest of the partnership,
provided the act is one within the authority of the partner under the provisions of the first paragraph of article 1818.

Where the title to real property is in the name of all the partners a conveyance executed by all the partners passes all their rights in
such property. (n)

ARTICLE 1820. An admission or representation made by any partner concerning partnership affairs within the scope of his
authority in accordance with this Title is evidence against the partnership. (n)

ARTICLE 1821. Notice to any partner of any matter relating to partnership affairs, and the knowledge of the partner acting in the
particular matter, acquired while a partner or then present to his mind, and the knowledge of any other partner who reasonably
could and should have communicated it to the acting partner, operate as notice to or knowledge of the partnership, except in the
case of fraud on the partnership, committed by or with the consent of that partner. (n)

ARTICLE 1822. Where, by any wrongful act or omission of any partner acting in the ordinary course of the business of the
partnership or with the authority of his co-partners, loss or injury is caused to any person, not being a partner in the partnership, or
any penalty is incurred, the partnership is liable therefor to the same extent as the partner so acting or omitting to act. (n)

ARTICLE 1823. The partnership is bound to make good the loss:

(1) Where one partner acting within the scope of his apparent authority receives money or property of a third person and
misapplies it; and

(2) Where the partnership in the course of its business receives money or property of a third person and the money or property so
received is misapplied by any partner while it is in the custody of the partnership. (n)

ARTICLE 1824. All partners are liable solidarily with the partnership for everything chargeable to the partnership under articles
1822 and 1823. (n)

ARTICLE 1825. When a person, by words spoken or written or by conduct, represents himself, or consents to another
representing him to anyone, as a partner in an existing partnership or with one or more persons not actual partners, he is liable to
any such persons to whom such representation has been made, who has, on the faith of such representation, given credit to the
actual or apparent partnership, and if he has made such representation or consented to its being made in a public manner he is
liable to such person, whether the representation has or has not been made or communicated to such person so giving credit by or
with the knowledge of the apparent partner making the representation or consenting to its being made:

(1) When a partnership liability results, he is liable as though he were an actual member of the partnership;
(2) When no partnership liability results, he is liable pro rata with the other persons, if any, so consenting to the contract or
representation as to incur liability, otherwise separately.

When a person has been thus represented to be a partner in an existing partnership, or with one or more persons not actual
partners, he is an agent of the persons consenting to such representation to bind them to the same extent and in the same manner as
though he were a partner in fact, with respect to persons who rely upon the representation. When all the members of the existing
partnership consent to the representation, a partnership act or obligation results; but in all other cases it is the joint act or
obligation of the person acting and the persons consenting to the representation. (n)

ARTICLE 1826. A person admitted as a partner into an existing partnership is liable for all the obligations of the partnership
arising before his admission as though he had been a partner when such obligations were incurred, except that this liability shall
be satisfied only out of partnership property, unless there is a stipulation to the contrary. (n)

ARTICLE 1827. The creditors of the partnership shall be preferred to those of each partner as regards the partnership property.
Without prejudice to this right, the private creditors of each partner may ask the attachment and public sale of the share of the
latter in the partnership assets. (n)