NESTOR A. ESPENILLA, JR.
Bangko Sentral ng Pilipinas
(Central Bank of the Philippines)
Mr. Nestor A. Espenilla, Jr. is the Governor of the Bangko Sentral ng Pilipinas (BSP). He took office as the fourth Governor of the BSP on 3 July 2017. As BSP Governor, he serves as Chairman of the Monetary Board, the BSP’s principal policy-setting body. He is also concurrently Chairman of the Anti-Money Laundering Council (AMLC) and the Financial Stability Coordination Council (FSCC).
Prior to his appointment as Governor, he was Deputy Governor in-charge of the Supervision and Examination Sector (SES), which regulates and supervises banks and non-bank financial institutions under BSP jurisdiction. In that capacity, he focused on banking reforms, capital market development, consumer protection, and financial inclusion. He institutionalized risk-based and proportionate regulations, enabling BSP-supervised institutions to innovate business models and adopt digital financial services. He likewise championed the issuance of regulations that promote financial inclusion and consumer protection. He is a staunch advocate of an efficient, inter-operable, and consumer-friendly digital payments system.
Governor Espenilla, Jr. holds a bachelor of science degree in business economics (magna cum laude) and an MBA from the University of the Philippines, and a master of science degree in policy science from the Graduate Institute of Policy Science (GRIPS) in Tokyo, Japan.