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Nestor A. Espenilla, Jr

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 supervision, capital market development, credit policy, 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.

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