from the perspective of banks and non - banking financial institutions and requires close cooperation and coordination. but, allow me to announce some activities that cbk has undertaken in order to develop the payment system : participation in high - level meetings at the european central bank ( ecb ) in frankfurt, with the governors and deputy governors of the six countries of the western balkans, regarding the integration into the european system of central banks, namely the sepa payment scheme and the instant payment system tips, where the ecb, within the framework of supporting the eu project for the modernization of payment systems of the western balkan countries and the objectives of the g20, supports concrete initiatives such as the interconnection of payment systems and the inclusion of our region in the european union systems and is continuously in touch for further developments. it has changed the organizational structure where, in addition to the analysis and oversight of the payment systems division, the ip and ipe has been added to the mfis / nbfis supervision division, the it systems supervision division has been established, within the credit registry division was added the bank accounts registry, as well as the department of consumer protection was established where, in addition to the financial services consumers complaints division, the market conduct supervision division was also established. it has proceeded further with the draft law on banks, already in public consultation, which, together with other laws, will complete the financial ecosystem in a complementary way. the draft law on payment services is in the process of finalizition, in compliance with eu directives such as psd2 ( payment services directive 2 ), emd ( e - money directive ), pad ( payment account directive ), and interchange fees. it is in the process of building infrastructural capacity and human resources to ensure that systems, equipment, knowledge, skills and personnel tools remain relevant and effective in overseeing the risks of new technologies and innovative business models. also, financial institutions licensed by the cbk, in order to advance the payment system and increase the quality and efficiency of payment services for their customers, are encouraged to : invest in infrastructure and build human capacity ; advance risk management policies, procedures and processes ; address cyber risks through close cooperation with the cbk and state authorities responsible for cyber security at the state level. 3 / 4 bis - central bankers'speeches financial education will be the focus of the cbk, alongside the advancement of market practices and consumer protection. therefore, campaigns will be organized and supported for the financial

the guide is simple enough for everyone to understand. it is featured in, samoan, tongan and english and with this in mind, samoa has accepted the privilege to be the imperative starting point for launching this project. this guide was by you and for you. it was compiled using your perspective as a school student, as an elder of the village, as a hard working stay at home mother and as a danceloving - father when he gets his paycheck without his wife knowing ; or to put simply, as an everyday samoan citizen. moneypacific has produced the guide and made it easy to understand, and made it accessible to everyone so that you can plan, measure, prioritise or just to be aware of how bis central bankers ’ speeches much you are spending for everyday necessities. again the intension is not to dictate how much your wallet is crying but to ensure that your wallet is happy to deliver a well sought out purpose for you and your families. to round up my remarks, i would like to take this opportunity to thank the new zealand and australian governments for the support afforded to the moneypacific iniative as we have benefitted greatly from the work it carries out for the pacific communities. i would like to thank each and every one of you for making the time to attend today ’ s moneypacific money guide launch. but before i hand you over to the moneypacific team for their presentation i truly believe your goals and objectives in your respective designations can be greatly complemented with our agenda of financial literacy and that this latest resource will be of use to the pursuit of youth and women empowerment, assist the micro - entreprenuers, complement student learnings from the existing national education curricula, and overall greatly assist us in all our diverse capacities as financial consumers. manuia le tatou fa ’ amoemoe. thank you. bis central bankers ’ speeches