Bangko Sentral ng Pilipinas main office in Manila. — BW FILE PHOTO

THE BANGKO SENTRAL ng Pilipinas (BSP) and the Hong Kong Monetary Authority (HKMA) are looking to strengthen their cooperation on various areas of central banking.

BSP Governor Eli M. Remolona, Jr. and HKMA Chief Executive Eddie Yue on March 28 led a high-level bilateral meeting to exchange views, the Philippine central bank said in a statement late on Monday.

“The BSP and HKMA also explored potential collaborative activities moving forward, to further broaden and enhance their longstanding cooperation and bilateral ties,” it said.

The bilateral meeting was hosted by the BSP.

“Officials from the two institutions discussed and shared insights on capital market development, digital payments and connectivity, digital banking, and sustainable finance,” the BSP said.

“In particular, the meeting covered issues such as bond market and ecosystem; multilateral digital payment projects; cybersecurity risk management and consumer protection; digital financial literacy; climate risk stress testing and other green finance initiatives,” it added. — A.M.C. Sy

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