soundness of community banks while also ensuring that undue burden does not constrain the capacity of these institutions to support the communities they serve. as i previously noted, one of the most important aspects of my job, as i see it, is to have open lines of communication and feedback between regulators and community banks and bankers. as a former community banker and state regulator, i understand how clear communication can help us all do our jobs better. so, i encourage you — and everyone with a stake in this work — to share your thoughts on the impact of regulation on community banks and the communities they serve. this dialogue is especially important as we continue to work to tailor our supervision and regulation to the size and risk profile of the institutions we oversee. although we have different 3 / 4 bis central bankers'speeches responsibilities, i believe we can agree that we must keep our financial system strong, while maintaining the ability of community banks to fulfill their important role in our economy. 1 terrorism risk insurance program reauthorization act of 2015, pub. l. no. 114 – 1, 129 stat. 3. 4 / 4 bis central bankers'speeches

gan kim yong : keynote speech - ibf golden jubilee ite scholarship keynote speech by mr gan kim yong, deputy prime minister and minister for finance, and deputy chairman of the monetary authority of singapore, at the launch of institute of banking and finance ( ibf ) golden jubilee ite scholarship, singapore, 14 may 2024. * * * ms low khah gek, chief executive officer, ite, ms carolyn neo, chief executive officer, ibf, financial industry partners, distinguished guests, students, ladies and gentlemen, introduction 1. good morning to all of you. it gives me great pleasure to join you today to launch the ibf golden jubilee scholarship for ite students. 2. the institute of banking and finance, or ibf, was established in 1974 to develop the professional competencies of the financial industry. over the last 50 years, it has dedicated itself to growing a skilled and resilient financial sector workforce a€ “ a cornerstone of singapore's position as a vibrant and trusted global financial centre. as ibf celebrates its golden jubilee, it is timely and meaningful to launch this scholarship. expanding the talent pipeline for the financial sector 3. since its founding in 1992, ite has served as a key provider of technical and vocational training to equip our students with relevant skills and to support singapore's economic growth. over the years, the government has expended significant resources to develop ite and invest in its students. it has a strong focus on practical skills and industry partnerships, to equip its students with industry - relevant skills. ite also offers work - study diplomas to its graduates, so that they can continue to upgrade and upskill. this has helped our ite graduates to have successful careers. 4. the financial sector has created well - paying jobs, offering the highest median gross income amongst employed residents. a ) and it continues to offer promising employment opportunities. over the past five years, the sector's workforce has grown by 16 % to 194, 000. of this 16 % increase, more than 9 out of 10 were residents. 5. we expect the sector to continue to grow, and we want to see more singaporeans from diverse backgrounds pursue fulfilling careers in the financial sector. ite graduates are part of this talent pipeline, and this scholarship will allow them to gain industry exposure and explore career opportunities in the financial sector. 1 / 3 bis - central bankers'speeches expanding possibilities, catalysing partnerships,