own workforce, to develop them and give them the best opportunity to stay relevant, the transformation of our workforce will be that much 2 / 3 bis central bankers'speeches smoother. let us mobilise and inspire our staff to inculcate a growth mindset to stay competitive and step up to take action. to help do that, ibf is pleased to launch of the # futuremenow movement. this is a call to action, for industry professionals and leaders to take ownership and contribute to enabling our workforce for the future. individuals can pledge to learn something, talk to someone about their career plans or be a mentor. ibf will work with the pledgees to realise their pledges. there are about 500 of us gathered here today. i invite you as industry leaders here tonight to be the first to be active multipliers. transforming our financial industry workforce for the future 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. thank you for taking time to be here this evening. i wish you every success as you build up your businesses and your people, and together we build up singapore as a global financial centre offering good jobs and meaningful careers for our workforce. 3 / 3 bis central bankers'speeches

that a rising asia and the digital transformation are creating? we cannot transform the industry if we cannot transform our workforce. technology alone will not do it. we need the people and skills to harness that technology - to serve our customers better and seize opportunities in new markets. there is another reason why investing in people and skills is of critical importance. there is growing anxiety the world over about the impact of globalisation and technology on jobs and livelihoods. the anxiety is not unfounded. if people cannot or do not adapt to meet new competition or integrate new technologies, they will be left behind. the answer is not to hold back globalisation or technology but to : make globalisation and technology work for everyone ; use technologies to create new and better jobs ; and most important, equip our workers and professionals with the capabilities to secure those jobs. preparing the financial industry workforce for a future smart financial centre is the raison d ’ etre of ibf. the work we do together in ibf – involving all of us here in the industry – is critically important. and there is urgency to it. ibf ’ s mandate has been expanded to help synergise the efforts of unions, financial institutions, and the government around workforce transformation. ibf is now the single point of contact for all matters relating to skills, careers, and jobs in the financial industry. by looking at skills development, career pathways, and job placements in an integrated manner, ibf is in a better position to help finance professionals in a more comprehensive and holistic way. ibf, mas, the industry, and trade unions have been working together on several fronts to help equip the financial industry workforce for the future. we are systematically assessing current and future skills requirements in various job roles in specific financial activities. we are implementing professional conversion programmes ( pcps ) to pre - emptively reskill employees whose roles are impacted by change. we launched the ibf careers connect two months ago to help our workforce navigate career changes, acquire relevant skills, and be job - ready. we are working with skillsfuture singapore ( ssg ) and workforce singapore ( wsg ) on a skills framework for financial services that will provide individuals with information on employment, career pathways, occupations, job roles, emerging skills and competencies, as well as relevant education and training programmes. as leaders of our institutions and businesses, we have a special role to play. if each of us can commit to plan for our