consumers navigate and compare financial products more efficiently, we are looking into the establishment of an online product aggregator to provide financial consumers with the ability to gather reliable information on a wide range of insurance products and make comparisons on simple products on a single website. a number of issues will need to be addressed to support such an initiative and ensure that meaningful comparisons can be achieved. over the coming months we will be meeting with stakeholders to obtain further views on our aggregator proposals and examine options to move this initiative forward. i have spoken at length this morning about our plans for the industry. in the years ahead, this industry will have an important strategic role in the ongoing transformation agenda that is being pursued for the insurance and takaful sectors. the bank is committed to providing a well - balanced regulatory environment that adequately protects consumers, while encouraging advisers to realise their full potential. we will continue to set a high bar on professional integrity and quality of advice, and we welcome your ideas and input on how we can continue to encourage firms to grow within the industry and bring financial advisory services to a wider spectrum of the public. the association of financial advisers has a very important role in this process and has been a focal point for the bank ’ s engagements with the industry. i look forward to your continued cooperation in achieving our shared goal of developing a financial advisory industry in malaysia that truly serves to improve the well - being of financial consumers in this more challenging environment, and one that we can all be proud of. thank you very much for your attention. bis central bankers ’ speeches

marzunisham omar : launch of the national scam awareness campaign speech by mr marzunisham omar, deputy governor of the central bank of malaysia ( bank negara malaysia ), at the launch of the national scam awareness campaign, kuala lumpur, 30 october 2022. * * * assalamualaikum and good morning. on behalf of bank negara malaysia, i would like to thank the association of banks in malaysia, the association of islamic banking and financial institutions malaysia, and the association of development financial institutions of malaysia for organising the national scam awareness campaign. the presence of dato'mohd kamarudin bin md din, director of the commercial crime investigation department, pdrm, encik kamal baharin bin omar, deputy director - general of the national anti - financial crime centre ( nfcc ), and encik harme mohamed, head of network security division, malaysian communications and multimedia commission ( mcmc ) this morning reflects our commitment and collaborative efforts to raise awareness on financial literacy and fight financial scams. this morning, there is also the financial literacy month ( flm ) exhibition, which marks the end of this year's financial literacy month. this year's flm, themed " financial wellbeing : go digital confidently ", is all about educating and raising awareness on digital financial literacy and safe usage of digital financial services. the past month has seen many seminars, workshops and other activities being conducted all around the country. the fen mobile coach also travelled to 61 locations across the country, reaching out to over 20, 000 people in urban and rural communities. in this regard, i would like to express my gratitude to the financial education network and everyone involved in the flm for their relentless efforts in elevating financial literacy. the reality is that as our lives become increasingly digital, criminals are also finding new and innovative ways to commit digital crimes, such as financial scams. indeed, the issue of financial scams has become a global issue, not just unique to malaysia. criminals are using increasingly sophisticated methods to scam victims. this is a concerning trend which keeps many of us up at night. for bank negara malaysia, our priority is to ensure that banking and payment channels remain safe and secure. given that the tactics used by criminals will continue to evolve, we will, where necessary, issue new security advisories and additional security measures for banks to take from time to time. these include the five measures announced on 26