furthermore, we must avail of the efficiency provided by the technology, in sharing our information. a joint web - site can be established, where we can find important information, interpretations, or share its experience regarding supervisory issues or financial stability issues. when mentioning this ways of cooperation, i am not trying to neglect what is already happening and i am mindful of the fact that there is a trade - off between the advantages of such cooperation and its costs. we should also point out that memoranda of understanding ’ s can not act as a substitution for cooperation in practice. it is important we maintain close contacts with our counterparts, on exchanging regular information on general trends and issues of respective banking systems in normal times, as it serves to establish confidence for future cooperation, particularly during distress times. otherwise, such official cooperation agreements will do little in making a real difference. let me conclude by saying that the objective of reaching and maintaining the financial stability is not an easy task but we could contribute a lot in its achievements by enhancing our efforts to make sure that financial market institutions are performing soundly in a stable macroeconomic environment. our contribution can be much more effective if it is properly coordinated regionally. such cooperation will ease our efforts in improving supervision capacities, avoid cross - border regulatory arbitrage and will serve our efforts to meet our objective of integration in european financial markets. we can enrich the modalities of such cooperation, keeping in mind that the basis of good cooperation is established in normal times, through regular contacts. thank you.

##ve customers over the years and measures were required to be taken by the banks to protect the customers. while it is good to know that banks have played their roles in investing in robust security systems, they must also ensure that customers play their part in protecting their own assets and savings. the reminder and greater awareness from the banks through this campaign is timely. it will not only reinforce the need for constant vigilance from all parties, but also help create an environment where everyone is risk conscious and responsible in protecting the interests of each other. these initiatives would not achieve the desired outcomes without effective bis central bankers ’ speeches communication, and the media has a critical role to play in conveying the message from the banks. we have always acknowledged the importance of the media and i would like to record bank negara malaysia ’ s appreciation for the assistance rendered by the media in creating awareness of this issue in the past. we hope that with the support of the media on this occasion too, this campaign will be a success, and the public will have heightened levels of understanding and vigilance over this issue. on behalf of bank negara malaysia, i would like to thank all the banks for taking this initiative to undertake this joint e - banking awareness campaign. our thanks also to cyber security and the police force for your ongoing efforts to collaborate with the banking industry. i wish all of you the best and assure you that bank negara malaysia will continuously support you in this noble effort. bis central bankers ’ speeches