Mr. Melchor T. Plabasan is a Certified Public Accountant
(CPA) and a Certified Information Systems Auditor (CISA). He is currently the
Deputy Director and Group Head of the Core Information Technology Specialist
Group (CITSG), the unit within the Bangko Sentral ng Pilipinas (BSP) in charge
of providing IT supervision and payment systems oversight to banks and other
BSP-supervised financial institutions (BSFIs). In Mr. Plabasan’s eleven (11)
years in CITSG, he has gained broad experience and technical knowledge in IT
offsite supervision and onsite examination of banks, including payment systems.
Even before assuming his current position, Mr. Plabasan has already provided
valuable contributions to the IT landscape of the Philippine financial sector.
To name a few, he formed part of the team that crafted the e-money regulations
(BSP Circular No. 649 series of 2009), enhanced technology risk management
framework (BSP Circular no. 808 series of 2013) and the newly issued guidelines
on virtual currency exchanges (BSP Circular No. 944 series of 2017). Currently,
he is involved in various initiatives related to technology risk supervision,
cybersecurity, cloud computing, mobile finance and payment systems oversight.
In particular, he is actively involved in the reforms to strengthen the
electronic retail payment systems as well as oversee the industry-wide
initiative on EMV migration. Likewise, he is spearheading various cybersecurity
reforms aimed at enhancing BSP’s cybersecurity oversight and supervision as
well as promoting a secure cyber environment for the financial ecosystem. Given
his extensive experience and technical acumen, he is frequently invited as a
speaker and resource person in various local and international events on areas
relevant to technology risk management, payment systems, cloud computing and
other highly technical and specialized topics.
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