 Helped by his deputy governor Alberto Reyes, Buenaventura quietly restructured the banking system to allow more transparency than ever seen before in the history of Philippine banking, and lifted artificial protection from market forces that created artificial profits for financial institutions.Buenaventura, however, was more publicly known for his adept management of monetary policies, resisting pressure to protect the Philippine peso from market forces through the wanton manipulation of the currency market.While recognizing the BSP's institutional capabilities, traders saw Buenaventura as "personify[ing] the central bank’s powers of moral suasion," an abstract weapon frequently employed by the BSP in order to keep banks from "straying from the path."