zeti akhtar aziz : towards world - class banking - efficient, effective and resilient banking system keynote address by dr zeti akhtar aziz, governor of the central bank of malaysia, at the malaysian banking summit 2004, kuala lumpur, 14 may 2004. * * * bismillahirrahmanirrahim the turn of the century has seen a significant transformation of our banking sector. the changes have been driven by the new emerging economic opportunities, changing customer requirements, new technology, the more competitive environment and changes in the regulatory and supervisory framework. this period has also seen significant progress achieved in the strengthening of the domestic banking system. the strengthening of the banking sector has been driven by the restructuring, re - engineering, rationalisation and consolidation that has been undertaken during this period. indeed, this progress has been achieved against a background of a challenging global financial and economic environment. as we strive for high performance benchmarked against international standards, we must not lose sight of the context of the financial and economic environment in which we operate. central to this is a common vision of developing a world class banking system that is best able to serve the nation and thus contribute to economic growth in an environment of financial stability. the expectations are thus for the banking system to be able to provide the intermediation function that is effective, efficient, resilient, and that supports sustainable economic growth. ladies and gentlemen, it is indeed my pleasure to be invited again to this year ’ s malaysian banking summit. this annual summit, organised by asli, has become an important forum for the industry to share and discuss issues that are of importance to the financial sector. to ensure that the financial system is best placed to serve the economy, important attention has been directed to enhance the financial infrastructure to increase access to financing to meet the new, more complex and differentiated demands of the various sectors of the economy, to enhance efficiency in the banking institutions and the functioning of the financial markets, and to put in place other supporting infrastructure that reinforce the achievement of these objectives. these efforts have been complemented by measures to ensure the soundness and stability of the system. high performance of the industry would require the banking institutions to increasingly offer greater product differentiation and value added services. this requires resources to be directed to research and development to introduce a wider range of structured and customised products and to become a one - stop financial services solution provider. the ability of the banking institutions to address the needs and preferences of specific segments and

adnan zaylani mohamad zahid : charting the next financial sector blueprint – digitisation, climate change and resilience speech by mr adnan zaylani mohamad zahid, assistant governor of the central bank of malaysia ( bank negara malaysia ), at the financial market association of malaysia's annual dinner, kuala lumpur, 22 november 2019. * * * it is an honour and a great pleasure to be here and see many familiar faces at tonight ’ s financial market association of malaysia ’ s annual dinner. the last time i attended this dinner was three years ago, when i was the assistant governor overseeing the financial markets and the financial market committee chair. i left this role in september of 2017, unable to resist the offer and allure of pursuing a public policy degree. though we had done much by then to deal with the many challenges following the financial market development measures put in place at the end of 2016, i have to admit that i left with a sense of regret and uncertainty. the regret was from not being able to be part of the team to see things through, and uncertainty from the fact that the stakes were high and any measure of success then was fleeting. these concerns proved to be unwarranted. the fmc continued to play a key role in mobilising the industry and providing a much needed reality check and feedback from the market in terms of intelligence and insight, which helped the bank navigate through those challenging times. fmc members became the bridge between the regulator and the industry at large in the implementation of the many initiatives that have seen us through to this day. i see quite a few of the fmc members tonight and i understand that many have continued to contribute and help bank negara malaysia further shape the development of our financial markets. thank you to all, and especially to dato ’ lee kok kwan for previously leading fmam to become the success it is today. the fact is, three years on, we have not only weathered the volatility and challenges then. the financial markets have actually moved from strength to strength. amidst heightened global volatility, not to mention the many domestic political upheavals and uncertainty of the recent years, it is a wonder that the malaysian financial market has continued to grow consistently. the onshore foreign exchange market has expanded from an average daily trading volume of usd8. 1 billion in 2016 to usd 12. 3 billion today. this is mirrored by the growth of the ring