module into the ecf family. and we are now working hard on other new modules covering “ compliance ” and “ green and sustainable finance ”. i ’ m sure the speakers in the last panel today will share more insights about the changing roles and skills required of compliance officers in the face of the fast changing operating environment. 19. now, making available systematic training programmes for practitioners is one thing. but getting them to actually take those training will depend on many factors. and quite often, training fee has been quoted as one of the key pain points. it is against this background that the financial secretary has announced the launch of the pilot scheme on training subsidy for fintech practitioners, and the pilot green and sustainable finance capacity building support scheme in his budget speech earlier this year. the hkma is now working closely with the financial services and the treasury bureau on the implementation details. and we aim to launch these two schemes in the second half of this year. 20. we also recognise that talent development efforts can only be effective if they are targeted at the most pressing needs faced by the industry. earlier this year, we embarked upon the skills transformation and empowerment programme ( or in short, the “ step ” ). under this programme, we seek to discuss with banks their strategy and action plans to address their future talent needs, focusing on future upskilling and reskilling needs. and through those discussions and explorations, we will provide further guidance to the industry by sharing key observations and good practices on talent development. 21. now turning to nurturing young talent. of course we need a sustainable pipeline of young talent to inject fresh impetus into the industry. however, when we talked to hr management of banks over the past two years or so, they often cited that it ’ s not easy to attract new talent these days. there appears to be a general misconception about the banking industry among the younger generation. in the eyes of many university students, banking remains a “ traditional ” industry focusing mainly on selling products and services, with opportunities limited to frontline jobs. that clearly is not the case. so we urgently need to clear up such misunderstanding. and we should better connect the young generation with the industry, so that they can form a more accurate idea of what modern banking is about. and they need to get ready at an early stage for the career opportunities in the new era of modern banking, particularly because some specialist portfolios will take years to cultivate the relevant skillsets. 22.

contribution to national development – the cornerstones of this institution – forever live on. this publication is a useful reminder to our successors of these critical tenets that underpin the creation of an institution of excellence. 2 / 3 bis central bankers'speeches the late united states president theodore roosevelt once said : “ the more you know about the past, the better prepared you are for the future. “ this observation is a universal truth, and both sides of the coin helps us and future generations to understand the past forty - five years of the central bank of barbados : its work, its mission, its vision, its journey and its people, like many of you and me. that perspective is, in a nutshell, why we wrote this book. please enjoy the rest of the evening and get yourself a copy. i thank you. 3 / 3 bis central bankers'speeches