the industry ; and equip our professionals for the challenges of the workplace of tomorrow. from 1974 to - date, some 400, 000 participants have benefitted from training courses offered or accredited by ibf. working together we have co - created many bold initiatives. let me cite two of them. first, the ibf standards, which was subsequently adapted into the skills framework for financial services. it is probably the first of its kind globally, where the skills required for various finance roles were mapped out comprehensively for the industry as a whole. today, many financial institutions use the ibf standards to help design their own in - house learning programmes. training providers use the standards to develop their curriculums and as a reference for future skills studies. about 25, 000 practitioners have been certified under the ibf standards. second, the jobs transformation map, which helped us to not only identify job roles that are impacted by technology but to spell out how they are impacted. for employees in this group, we worked with financial institutions to intervene early to re - skill them to take on new and emerging roles. it is amazing how despite rapid digitalisation and automation, our financial industry has continued to create jobs well in excess of our targets. the financial sector has created an average 4, 500 jobs each year during the last 10 years, and right through the covid - 19 crisis. ibf does not operate in a vacuum but in the larger context of what it takes to develop and grow the financial sector : to create meaningful jobs for singaporeans to support the needs of our economy, and to serve the region and the world. we cannot transform the industry if we cannot transform our workforce, and transforming the workforce requires a collaborative partnership among all of us here : where leaders provide the example and set the tone ; where financial institutions provide the opportunity to upskill and reskill ; and where people take ownership of their own professional development. what we have here in ibf is almost unique in the world : where the industry comes together, along with the regulator, to set standards, promote training, and build competencies for our finance professionals where we synergise the efforts of trade unions, financial institutions, and the government around workforce transformation 2 / 3 bis - central bankers'speeches where we have a single point of contact for all matters relating to skills, careers, and jobs in the financial industry. several years ago, i described to a fellow central bank governor in europe how mas and the financial industry worked together

through ibf to upskill and prepare our workforce for the future. he was visibly moved. he wished the environment in his own country had that ethos of trust and partnership that we have nurtured here in singapore. this remarkable partnership between the regulator and the industry has been at the heart of singapore's broader success as a leading international financial centre. over the past decades, the financial sector has faced numerous challenges, from financial crises to a global pandemic to technological disruption. through it all, it has been our ability to come together as a united force that has allowed us to not only overcome but thrive in this ever - changing environment. in a world where many regulators are aloof at best and hostile at worst when dealing with the financial industry, the relationship mas has with the industry is special. mas has been fortunate to have an industry that has continually worked with us through thick and thin. on behalf of all my colleagues in mas and ibf, and personally, i stand here in a deep debt of heartfelt gratitude for your support, your collaboration, and your friendship. thank you and i wish you all the best. 3 / 3 bis - central bankers'speeches