zeti akhtar aziz : developing a robust competency framework for the malaysian banking industry opening speech by dr zeti akhtar aziz, governor of the central bank of malaysia, at the industry competency framework study focus group discussion, kuala lumpur, 6 december 2005. * * * saya berasa amat bangga kerana diberi peluang untuk menyampaikan sepatah dua kata dan seterusnya merasmikan sesi wacana institut bank - bank malaysia. saya ingin mengucapkan terima kasih atas penyertaan anda dalam temu ramah eksekutif yang merupakan input yang amat bernilai dalam pembentukan rangka kerja kompetensi industri yang akan dibincangkan hari ini. the banking sector will remain the pillar of our financial system, as it evolves to offer more innovative financial solutions to meet the changing needs of the economy. the industry however, needs to be well positioned in a financial landscape that is continuously being redefined. while new opportunities have emerged, there are also new challenges on the horizon. foremost amongst these is intensified competitive pressures, spurred by financial liberalisation and technological revolution. other challenges include the growing demands of customers for differentiated product offerings and valueadded services at more competitive prices, excellent service quality, and superior level of efficiency. strategic opportunities also arise from new growth areas and a larger marketplace as economic integration regionally and globally gather pace, driven by increasing regional and global trades and investment flows. banking institutions must be ready for the challenges and be well equipped with distinct capabilities to take advantage of the opportunities that the new environment accords. banking is a knowledge - intensive, skills - based and relationship - rich industry. in an increasingly complex and a more liberalised environment, the competitiveness of banking institutions will depend critically on the quality of human intellectual capital and the extent to which the industry is able to leverage on these talents. to compete effectively, banking institutions need professionals with the requisite skills and expertise not only at the strategic and management level, but also at the technical and operational level. successful institutions will be the ones which accord high priority to effective placements, rewards, retention and most importantly, lifelong learning and the continuous enhancement of human capital. lifelong learning is becoming increasingly important in this knowledge - based economy where knowledge and skills need to be

suhaimi ali : leading change through value - based impact opening remarks by mr suhaimi ali, assistant governor of the central bank of malaysia ( bank negara malaysia ), at the sustainability leadership programme for financial institutions, kuala lumpur, 24 may 2022. * * * while domestic economy is expected to improve further this year, risks to malaysia's growth momentum remain. beyond economic factors, adverse developments surrounding covid - 19 as well as environmental and social risks continue to heighten volatility. the december 2021 flood event for example, hailed as the worst since 1971, demonstrated specific vulnerabilities and intricacies in how risks are to be managed : 1. structural reforms are needed to improve malaysia's flood risk mitigation infrastructures ; 2. large - scale relief efforts need strong coordination to be effective ; and 3. finance solutions must be expedient and impactful to help those affected. this recent flood episode goes to show that sustainability - related risks are inherently volatile, uncertain and complex, and would require a change in how finance is structured and consumed. allow me to offer some perspectives on leadership imperatives for financial institutions to catalyse and support a more orderly transition to a sustainable economy. firstly, the financial sector must actively respond to critical needs through innovation - led growth. demographic shifts, rapid technological change and climate change will continue to place new and evolving demands on the financial industry. in navigating the challenges ahead, agility in finance response is key. recognising shifts in the operating landscape, the financial sector blueprint 2022 - 2026 focuses on fostering market dynamism to enable financial sector to be highly adaptive to wide ranging scenarios. regulatory efforts will be directed toward targeted interventions to remove undue barriers to innovation as well as address market failures. the bank is also reviewing how we regulate innovation to facilitate a more conducive environment for solutioning. this includes reviewing existing policies and enhancing the regulatory sandbox to better support innovation in value - based finance, including the novel application of shariah contracts. we also strongly encourage innovation in impactdriven instruments such as islamic social finance, blended finance, and green solutions. potential recalibration of existing regulatory requirements will be explored to support the broader and more diversified application of shariah contracts in advocating inclusivity and sustainability. secondly, financial institutions must demonstrate immediacy, and act together to solve'real world'issues. the need for a collective