As head of the Central Bank from 1984-1990 Gov. Jose B. Fernandez,
Jr. presided over the most difficult era in Philippine economic
history - the country was crippled by the highest inflation
rate, a debt moratorium and massive capital flight brought
about by a growing crisis of confidence. Undaunted by pressures
to exercise more restraint, he adopted stringent measures
that were geared toward the development of a more efficient,
stable and credible financial system.
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The elimination and final rounds of the 9th Inter Collegiate Finance competition were organized by the Junior Financial Executive Institute of the Philippines (JFINEX) in partnership with the AIM - Gov. Jose B. Fernandez, Jr. Center for Banking and Finance, and the Chartered Financial Analyst Society of the Philippines (CFAP). The elimination round was held on September 21, 2007 at the Meralco Theater (for NCR and Luzon schools), with simultaneous competition at the Cebu Institute of Technology (for Central and Eastern Visayas schools), University of St. La Salle (for Bacolod and Western Visayas schools), and Xavier University (for Mindanao schools). A total of sixty-nine (69) schools participated the elimination round. The JBF Center was responsible for the development of the Question Bank for the elimination and final rounds of the ICFC.
The 2007 ICFC Finals was held at the Bangko Sentral ng Pilipinas Auditorium on October 15, 2007. Ateneo de Manila University emerged as this year’s top collegiate finance team that bested twenty other schools. For the first time in the nine-year competition a foreign school, Singapore Management University, participated in the ICFC Finals. It placed third overall. The major prizes included scholarships worth PHP1.25 Million for the AIM’s MBA degree program, Php60, 000 in cash, and free holiday trip to Boracay Resort. The 20 finalists in the 2007 ICFC were:
1. UNIVERSITY OF THE PHILIPPINES – DILIMAN 2. POLYTECHNIC UNIVERSITY OF THE PHILIPPINES 3. UNIVERSITY OF SANTO TOMAS 4. DE LA SALLE UNIVERSITY – MANILA 5. ATENEO DE MANILA UNIVERSITY 6. UNIVERSITY OF THE EAST – MANILA 7. FAR EASTERN UNIVERSITY – MANILA 8. NEW ERA UNIVERSITY 9. DE LA SALLE UNIVERSITY – DASMARIÑAS 10. DE LA SALLE UNIVERSITY – LIPA 11. MANUEL S. ENVERGA UNIVERSITY FOUNDATION 12. UNIVERSITY OF BAGUIO 13. UNIVERSITY OF THE PHILIPPINES – ILOILO 14. UNIVERSITY OF ST. LA SALLE 15. UNIVERSITY OF SAN CARLOS 16. SILLIMAN UNIVERSITY 17. UNIVERSITY OF THE VISAYAS 18. MSU – ILIGAN INSTITUTE OF TECHNOLOGY 19. XAVIER UNIVERSITY - ATENEO DE CAGAYAN 20. ATENEO DE DAVAO UNIVERSITY 21. SINGAPORE MANAGEMENT UNIVERSITY
The Chartered Financial Analyst (CFA) Level 1 Review Course for AY2007-2008 started on October 17, 2007 with subsequent sessions every Wednesday from six to nine in the evening at the First Philippine Holdings Corp. Case Room, AIM Campus, Makati City. A total of forty-five participants registered for the review class that will end on April 19, 2007. As in the previous review courses, the reviewees are mainly from local and multinational companies in the banking and finance sector, as well as AIM’s MBA students. The review class is intended for the candidates taking the CFA exams on June 2008. The passing rate of the candidates in the previous course who took the CFA Level 1 examination in June 3, 2007 was 57%. This was considerably higher than the global passing rate of 40%.
The Life
and times Of Jose B. Fernandez, Jr.
1923-1994
The book
on the Life and Times of Gov. Jose B. Fernandez, Jr.
was launched last November 23, 2005. Written by renowned
author and novelist, Mr. Alfred Yuson, the book is
a fitting tribute to the late Central Bank Governor
and founding president of the Far East Bank &
Trust Company, detailing his immense contribution
to the Philippine financial sector.
The book
is available for sale through the Gov. Jose B. Fernandez
Center for Banking and Finance for only PhP2,500.00
per copy. Proceeds from the sale of the book will
be donated to help the orphans and abandoned children
of the White Cross Children's Home, where Mrs. Dulce
Fernandez serves as board member. For more information
on purchasing a copy of the book, please contact Mr.
Chito Zuniga at +632-892-4011 loc. 2100.
Professor Frank K. Reilly on “Understanding Credit Risk Spreads”
The AIM - Gov. Jose B. Fernandez, Jr. Center for Banking and Finance and Chartered Financial Analysts Philippines (CFAP) recently held a seminar on “Understanding Credit Risk Spreads.” Credit risk spreads (CSRs) are measured by the difference in yield between corporate bonds with different credit ratings and yields on long Treasury bonds, and are a reflection of the market’s estimation of the risk associated with a bond compared to their risk-free counterpart. Recent financial market and regulatory developments have increased the focus on more effective financial risk management.
Quarterly Risk Management Forum
(From left) Mr. Isidro Sobrecarey, Associate Director of JBF Center, Dean Licuanan, Dean of AIM, Com. Evangeline Escobillo, Commissioner on Insurance - shared insights and expertise on Risk Mgt. in the Insurance Industry, , Ms. Anastasia Marina, Regional Director on PRMIA, and Mr. Jaime Fernandez, President on Phil. Fire & Marine Insurance Corp.
The 8th ICFC Manila Launch
Prof. Richard Cruz (AIM), Mr. Rene Leveriza (Board of Judges) and Mr. Tonyboy Ongsiako (Chairman-JFINEX).
The Jose Halili Co EAIC Research Chair on Insurance Launching
Among the participants in the launching ceremony were (from left) Mr. Roberto Galang, associate director of AIM-JBF Center, Prof. Felipe Alfonso, vice chairman of the AIM Board of Trustees; Mr. Apolinario delos Santos III, managing director of ARS Reinsurance Brokers; Ms. Joli Co Wu, CEO of Seaboard-Eastern Insurance; Ms. Lily Halili Co, wife of Mr. Halili Co; Mr. Vicente R. Ayllon, CEO of Insular Life; Mr. Roberto de Ocampo, executive director of the AIM-JBF Center; and Mr. Francis Estrada, president of AIM.
Business Process Outsourcing of Financial Services
JBF Center organized a round table discussion of Business Process Outsourcing of Financial Services in the Philippines with industry stakeholders. The discussion was co-organized with BPAP.
Quarterly Risk Management Forum
Mr. Antonio C. Moncupa Jr., CFO of International Exchange Bank, during the Quarterly Risk Management Forum of the AIM-Gov. Jose B. Fernandez Jr. Center for Banking and Finance held on May 05, 2006.
MOA Signing for the 8th ICFC
AIM-JBF Center signs MOA with FINEX to co-organize the 8th Inter Collegiate Finance Competition. (Left to Right): Roberto Galang, Associate Director, JBF Center; Roberto de Ocampo, President, AIM; David Balangue, President, FINEX; Victor dela Dingco, Liaison Director, JFINEX Committee; Antonio Ramon Ongsiako, Chairman, JFINEX Committee.
4th Gov. Jose B. Fernandez Memorial Lecture
ADB President Mr. Haruhiko Kuroda giving the lecture
Quarterly Risk Management Forum
Bangko Sentral ng Pilipinas Deputy Director Teodora San Pedro and Deputy Governor Nestor Espenilla, Jr. answer questions pertaining to the implementation of Basel II in the Philippines and its implications on Risk Management.
Economic Workshop
JBF Center hosts economic workshop for the staff of Senator Kiko Pangilinan
Philippine Pre-Need Industry: Reforms and Prospects Conference
Philippine Pre Need Industry: Reforms and Prospects(left to right) Mr. Francis Estrada, Chairman, Equity Managers Asia, Inc., Mr. Roberto F. de Ocampo, President, Asian Institute of Management, Chairperson Fe Barin, Securities and Exchange Commission, Mr. Jesus Hofileña, President, Philam Plans Inc. and Atty. Juan Miguel Vazquez, President, Philippine Federation of Pre-Need Companies.
7th Inter Collegiate Finance Competition (Elimination)
Top Finance Schools answering questions during the 7th Inter Collegiate Finance Competition last September 15, 2005. More
Bangko Sentral ng Pilipinas: Welcoming the New Governor
Gov. Amando Tetangco, BSP Governor in a huddle with President Roberto de Ocampo of the Asian Institute of Management.
