Bangko Sentral ng Pilipinas Monetary Board v. Antonio-Valenzuela, G.R. No. 184778, 02 October 2009, (602 SCRA 698)

 

Under Republic Act No. 7653, or the New Central Bank Act, the BSP Governor is authorized to represent the Bangko Sentral, either personally or through counsel, including private counsel, as may be authorized by the Monetary Board, in any legal proceedings, action or specialized legal studies. Under the same law, the BSP Governor may also delegate his power to represent the BSP to other officers upon his own responsibility.