BSP fires two supervisors, imposes lifetime gov’t work ban

Insider Spotlight

• Bangko Sentral ng Pilipinas dismisses two supervisors for misconduct
• Supervisors face maximum administrative penalties, including perpetual disqualification from public service
• Case stems from falsified attendance records involving staff dismissed in 2024

The Bangko Sentral ng Pilipinas (BSP) has fired two supervisors implicated in the falsification of staffers’ attendance records, imposing the maximum administrative penalties that include perpetual disqualification from government service.

Driving the news

In a statement on Tuesday, Sept. 2, 2025, the central bank said its Monetary Board approved the sanctions on Aug. 20 after reviewing the BSP legal department’s investigative findings. The penalties also cover forfeiture of retirement benefits, cancellation of civil service eligibility, and a lifetime bar from taking civil service exams.

The backstory

The case originated in July 2024 when four BSP staff were dismissed for falsifying their attendance records. Those staffers were also permanently barred from public service. Two Monetary Board members who supervised them resigned in June 2024 and later came under the jurisdiction of the Office of the President, which addressed the matter in July 2025.

Why it matters

The BSP emphasized that it acted decisively to protect institutional integrity.

“The BSP has handled the issue as swiftly as possible while observing the standards of due process to ensure that the decision upholds justice and accountability,” the central bank said in a statement.

Reforms underway

While calling the incident isolated, the BSP rolled out safeguards to prevent recurrence. Measures include:

• Enhanced supervisor training on discipline, ethics, and escalation procedures
• Mandatory onboarding sessions highlighting the case as a cautionary example
• Elevating the Ethics and Decorum Committee to deputy governor level
• Deployment of an online HR system to track timesheets and supervisor approvals
• Strengthening of the whistleblower mechanism 

The BSP is also studying organizational changes in the offices of Monetary Board members, with added oversight from the Board Secretary’s office.

The bottom line

By imposing the harshest sanctions available, the BSP signaled zero tolerance for internal misconduct. The institution said its leadership remains committed to “maintaining and strengthening integrity” and thanked employees and stakeholders for their patience throughout the probe.