timothy n j antoine : launch of results of financial literacy and financial inclusion survey remarks by mr timothy n j antoine, governor of the eastern caribbean central bank, at the launch of results of financial literacy and financial inclusion survey, basseterre, 18 september 2023. * * * salutations members of the monetary council members of the eccb board of directors dr. didacus jules, director general of the oecs commission ms. lilia buruncic, director for the caribbean, world bank and team ms. helen gradstein and team from the united nations capital development fund ( uncdf ) dr. valda henry, deputy governor ms. tracy polius, chief director ( policy ) mrs. c. teresa smith, director of the research, statistics and data analytics department heads of department, management and staff mr. imran williams, project manager and oecs project team, now the director of finance in the government of saint lucia mrs. gail gray - phillip, head of uwi global campus, st. kitts and nevis mr. edwin st. catherine, ceo, data point solutions inc. and team specially invited guests students members of media fellow citizens and residents of the eccu introduction greetings from your eastern caribbean central bank! we work for you. 1 / 4 bis - central bankers'speeches today, we are pleased to share the results of our inaugural financial literacy and inclusion survey. we could not undertake this effort without partnerships. consequently, at this juncture, i wish to highly commend all those associated with this survey, especially mrs. c. teresa smith and dr. leah sahely from the eccb, and the entire project management unit at the oecs commission led by mr. imran williams, now the director of finance in the government of saint lucia. i wish also to acknowledge the technical and financial support of the world bank under the caribbean digital transformation project ; mr. edwin st. catherine whose company, data point solutions inc., executed the survey ; and all the persons who participated in the survey. why did the eccb commission this survey? here at eccb, financial inclusion is a strategic priority. financial inclusion refers to access to a range of financial services including banking, credit and insurance. investopedia defines financial literacy as the ability to understand certain financial issues and use financial skills for personal financial management such as budgeting and investing. in a region which boasts high levels of adult literacy ( high 90 per

randal k quarles : brief thoughts on the financial regulatory system and cybersecurity speech by mr randal k quarles, vice chairman for supervision of the board of governors of the federal reserve system, at the financial services roundtable 2018 spring conference, washington dc, 26 february 2018. * * * thank you very much for having me here at the financial services roundtable ’ s spring meeting. i am pleased to speak with you all about our financial regulatory system : both the broad principles that have been directing my approach to evaluating the regulatory system, as well as cybersecurity, which is a topic of great import to financial system participants and their regulators. efficiency, transparency, and simplicity of regulation as i have said before, we have an opportunity to improve the efficiency, transparency, and simplicity of regulation. we have spent the past decade building out and standing up the postcrisis regulatory regime, and as a result we have made critical gains. the financial system is undoubtedly stronger and safer. we have robust capital and liquidity levels, an effective stress testing regime, and improved resolvability of our largest firms. but at the same time, it is our responsibility to ensure that those rules are effective. and if we identify rules that are not working as intended, we should make the necessary changes. with the benefit of hindsight and with the bulk of our work behind us, now is a natural and expected time to evaluate the effectiveness of that regime. our efforts toward implementing those principles are underway. federal reserve board staff members continue the review that i have previously outlined. the goal is to consider the effect of past regulatory initiatives on the resiliency of our financial system, on credit availability and economic growth, and more broadly, their costs and benefits. i am confident that that review will reveal some clear ways that we can improve the core post - crisis reforms. cybersecurity let me now turn from regulation to supervision, and more specifically, to the topic of cybersecurity, which continues to be a high priority for the federal reserve. the federal reserve is committed to strategies that will result in measureable enhancements to the cyber resiliency of the financial sector. given the dynamic and highly sophisticated nature of cyber risks, collaboration between the public sector and private sector toward identifying and managing these risks is imperative. while we know that successful cyber attacks are often connected to poor basic information technology hygiene, and firms must continue to devote resources to these basics,