The Bankers Association of the Philippines (BAP) has signed partnered with the Bankers Institute of the Philippines (BAIPHL) to enhance the capability of banks by providing educational courses.
Under the memorandum of understanding, BAP and BAIPHIL will collaborate to conduct capacity-building sessions for the benefit of employees and management members of BAP member-banks.
These sessions will touch on industry-specific topics such as banking laws, rules and regulations, good corporate governance, compliance, risk management, treasury operations, investment banking, trust banking, cybersecurity and financial fraud, sustainable finance, financial services, information technology, technology management, human resource management, accounting and auditing, reporting and records keeping and physical security
BAP and BAIPHIL will also collaborate to conduct research on banking, finance and economic-related matters.
The two organizations will also collaborate on projects related to mutually held advocacies such as digital finance, financial literacy, financial inclusion, and sustainable finance.
“As the banking industry continues to evolve due to changes in the operating environment, there is a need for the industry’s workforce to develop their capabilities to stay ahead,” said Jose Teodoro Limcaoco, BAP president.
“The MOU with BAIPHIL serves to achieve this objective by ensuring each individual in the industry can maximize their potential in their respective lines of work,” he said.
Jerry Ngo, chair of the BAP Education Committee said that with this MOU, “we are aligning our learning and development initiatives with the real and emerging needs of the industry.”
“It is grounded in resilience, digital fluency, and ethical leadership.,” he said.
“This is not just about skills training. It is about shaping a generation of professionals who can lead with clarity and purpose in an increasingly complex world. We are proud to work with BAIPHIL in turning this vision into a concrete and sustained program,” Ngo said.
Iñigo Regalado III, BAIPHIL president said the need to upskill one’s capabilities is greater than before, given the ongoing trend of further disruption that would take place in the banking industry.
“It is likely that the industry five to ten years from now may be entirely different from what it is today. Therefore, BAIPHIL looks forward to working with BAP to ensure the success of the MOU — ensuring Philippine banks remain one step ahead of the curve,” he said.
