the central bank also has a customer service centre for the general public to walk - in or call - in if they have inquiries, or need to print their credit report. the ccris kiosks use bio - metric identification embedded within the national identification card, and the report is produced in less than a minute without any charge. i believe that a holistic approach, combining credit information infrastructure with appropriate financial education interventions and avenues of outreach to consumers, will lead to more prudent financial management behaviours. i would like to take this opportunity to thank the international finance corporation for its leadership in the area of credit information reporting, and look forward to continuing to build on our long working relationship. i trust that we will have a productive exchange of ideas to further enhance the roles of credit reporting agencies in the area of risk management and to advance the credit reporting industry as a whole. on that note, i wish you a successful and productive programme, and a pleasant stay in kuala lumpur. bis central bankers ’ speeches

surpass the level recorded in 2007 when it sustained the highest level of issuances. the year 2010 also saw malaysia ’ s evolution as a multi - currency sukuk origination platform with four foreign currency sukuk issuances amounting to about usd3 billlion. this trend will benefit from the bloomberg aibim bursa malaysia sovereign shariah index ( bmssi ) developed by the association of islamic banking institutions malaysia ( aibim ), bursa malaysia and bloomberg that is also being launched today as part of the enhancement in the islamic finance platform. the launch of this ringgit sukuk index marks another significant milestone in the malaysian islamic financial environment as it measures the performance of ringgit denominated shariah compliant government securities in addition to the benchmarking purposes. this development has been part of the continuous support by aibim and bursa malaysia to further strengthen malaysia ’ s position as a leading sukuk market in the world. the collaboration between aibim, bursa malaysia and bloomberg is also expected to see a ringgit corporate sukuk index in the offing. moving forward, efforts are underway between bank negara malaysia and bloomberg to broaden this initiative to develop a foreign currency bis central bankers ’ speeches sukuk index. the liberalization of our financial markets is expected to attract more such foreign currency sukuk issuance by sovereign entities, multilateral institutions and multinational corporations. in further strengthening the infrastructure for the sukuk market, the malaysian electronic clearing corporation or myclear, a wholly - owned subsidiary of bank negara malaysia that operates the country ’ s real time gross settlement system and securities depository system, is also undertaking an initiative to promote cross - border financial transaction that is efficient, reliable and secured. this initiative reflects our commitment towards financial integration in the asean region and the global financial system through closer linkage with other central securities depositories, namely euroclear and the central moneymarkets unit ( cmu ) of the hong kong monetary authority. it is expected that other central securities depository will participate in this initiative to heighten this cross - border linkage. myclear is thus set to be one of the key multilateral settlement platforms that will facilitate sukuk trading transactions. the implementation of this initiative which is scheduled to be completed in the second half of 2011 offers cost - effective access for foreign investors to invest in malaysian securities deposited with myclear. at the same time