The Central Bank of the Philippines convened directors of universal, commercial, and digital banks for its first Corporate Governance Summit, using the forum to reinforce governance expectations across the banking sector. In remarks at the event, Governor Eli M. Remolona, Jr. linked effective board oversight, internal controls, and accounting transparency to the wider regulatory framework, and said rules on capital, liquidity, and transparency are intended to protect both individual banks and overall financial system stability. Held under the theme "Navigating the Future: Governance in Action," the summit focused on evolving global governance practices, leadership and culture, digital and cybersecurity governance, and the role of governance in institutional integrity and financial resilience. Discussions covered board oversight, risk governance, accountability, digital trust, IT and cybersecurity governance, and fraud prevention, with contributions from officials and experts including the Bank for International Settlements' Financial Stability Institute, the Monetary Authority of Singapore, Citibank, and Philippine banking and corporate leaders. The central bank said it intends the summit to serve as an ongoing platform for dialogue, sharing best practices, and strengthening collaboration between regulators and the banking industry.
Central Bank of the Philippines2026-05-26
Central Bank of the Philippines convenes first Corporate Governance Summit to strengthen bank governance standards
The Central Bank of the Philippines held its first Corporate Governance Summit for directors of universal, commercial, and digital banks to reinforce governance expectations and link board oversight, internal controls, and accounting transparency to prudential rules on capital, liquidity, and disclosure. The event focused on global governance practices, leadership and culture, and digital and cybersecurity governance, with contributions from international and domestic experts. The central bank plans to use the summit as a continuing platform for dialogue and best-practice sharing.