For this purpose, all participants, faculty members and facilitators of ICLIF programmes will automatically be accredited as members of the Alumni Association. With the rapid changes taking place in the financial and corporate landscape in the country and the greater integration in the region and the world, networking among leaders and captains of industries is most valuable in contributing towards greater understanding and in increasing the potential for collaborative efforts that are of mutual interest. The establishment of the Alumni Association represents an important part of ICLIF’s commitment to provide a platform for members to maintain active networking and productive collaborative alliances. It is also in line with our philosophy that leadership development is a continuous journey. The Alumni Association would thus provide a forum for continuous sharing among its members. Alumni members will also receive automatic notification and invitations to all ICLIF programmes and activities that will be organized in the future. As the members of the Alumni are spread across the region, ICLIF will leverage on Information and Communication Technology to help members stay connected. To facilitate networking opportunities, a special section has been created on ICLIF’s website to cater for the activities of the Alumni Association. This would include the facility to disseminate information among its membership, including the publication of an alumni directory, highlights of important events and latest developments that may be of interest to its members. The Centre will serve as the secretariat to support all activities undertaken by the Alumni Association.

Muhammad bin Ibrahim: The lessons of managing risks during the global financial crisis – the Malaysian banks’ experience Opening remarks by Mr Muhammad bin Ibrahim, Deputy Governor of the Central Bank of Malaysia, at the Asian Institute of Finance (AIF) and Institut Bank-Bank Malaysia (IBBM) Risk Roundtable Forum 2010, Kuala Lumpur, 12 October 2010. *  *  *  My opening remarks will consist of three parts. Part I, I will make comments on global financial reform and regulatory priorities. Part II, I will share some regulatory initiative embarked upon by BNM. Part III, I will conclude by giving you an assessment of the banking industry during the recent financial crisis and why it had remained resilient. Global financial reform and regulatory priorities The global financial reform initiative to strengthen the financial sector is consistent with our priorities to enhance prudential regulation and supervisory framework in Malaysia. Efforts to further improve risk management and corporate governance, strengthening the role of supervisors in the oversight of financial institutions and improve market discipline are not new to Malaysia. We have been doing this well before the global financial crisis and these initiatives will continue into the future. For example stress testing on banking institutions was introduced many years ago. In carrying out our regulatory responsibility, we will continue to ensure an effective balance between maintaining prescriptive rules and allowing some degree of flexibility under a more principle-based approach to regulation. Our principled based approach to regulation will be supported by effective supervisory oversight.