The Bangko Sentral ng Pilipinas (BSP) has appointed career central banker Lyn Javier as the new Deputy Governor for its Financial Supervision Sector (FSS). BSP Governor Eli Remolona Jr. administered her oath of office on August 11. Javier succeeds Chuchi Fonacier, who retired earlier in the month.
As head of the FSS, Javier will now oversee the regulation and supervision of banks, financial technology firms, and other financial institutions under the central bank’s jurisdiction.
In a statement, the BSP said that “Deputy Governor Javier will lead the BSP in supervising banks and other financial institutions under its jurisdiction, in line with the central bank’s mandate of promoting financial stability.”
Javier is a long-serving member of the central bank, having started her career as a bank officer in the supervision sector in 1998. She rose through the ranks and was appointed Assistant Governor in 2021.
In that role, she was responsible for supervisory policy development and the oversight of financial institutions’ treasury, trust, information technology, and anti-money laundering operations.
A Certified Public Accountant, Javier holds a bachelor’s degree from the University of the Philippines and a Master of Business Administration from Ateneo de Manila University.
She also serves as the BSP’s representative to several international bodies, including the Basel Consultative Group and the Executives’ Meeting of East Asia-Pacific Central Banks Working Group on Banking Supervision.
Featured image by the Bangko Sentral ng Pilipinas (BSP).
