abdul rasheed ghaffour : keynote address - launch of tun ismail ali centre of excellence in monetary and financial economics keynote address by mr abdul rasheed ghaffour, governor of the central bank of malaysia ( bank negara malaysia ), at the preliminary launch of the tun ismail ali centre of excellence ( tia coe ) in monetary and financial economics, hosted by the asia school of business, kuala lumpur, 20 january 2025. * * * assalamualaikum warahmatullahi wabarakatuh and a very good afternoon to our distinguished guests, tan sri dato'sri dr. zeti akhtar aziz, former governor of bank negara malaysia, professor helene ray, professor of economics at the london business school and other honoured guests, welcome. it is with great pleasure and a deep sense of gratitude that i stand before you today at the launch of tun ismail ali centre of excellence in monetary and financial economics, here at the asia school of business ( asb ). previously known as tun ismail ali chair ( tiac ), the initiative has thrived under the auspice of universiti malaya over the last 20 years. since its establishment in 2000, the success of the tun ismail ali chair in fostering innovative research and academic contributions are a testament of tun ismail ali's legacy. for this, we are deeply grateful to universiti malaya for their unwavering support and invaluable partnership, which has laid a strong foundation for tun ismail ali chair. allow me to begin by expressing my deepest gratitude to tan sri dato'sri dr. zeti akhtar aziz. the initiative we are celebrating today is a reflection of her commitment to fostering excellence within our local academics communities, whose dedication has paved the way for this endeavour. the tun ismail ali chair owes its success to her strong aspiration to shape outstanding scholars in the field of monetary and financial economics. we also owe a great debt of gratitude for her instrumental role in the establishment of the asia school of business. tan sri zeti's efforts and commitment have been pivotal in establishing asb as a leading institution for higher learning and research in the asean region. we are truly honoured to continue her legacy here at asb. i am also honoured to welcome our distinguished keynote speaker, professor helene rey, who is the professor of economics at the london business school. we are privileged to have a prestigious scholar of her caliber with us today despite her demanding

note that some of the discussions will cover the takaful perspective. this will include discussions on the impact of shariah requirements, as well as sessions on financial management and business continuity management for takaful business. in closing, let us remind ourselves again that risk management is a corporate culture and everyone plays a role in the process. your roles are critical in ensuring that the key risks, both present and foreseeable, are identified and effectively mitigated. with concerted efforts from all parties, an effective risk management process will enable companies to minimise financial losses, and optimize business practices, in order to respond to the changing business environment. i am very confident that this conference will be a great platform to catalyze open discussions among market players on the key issues relating to risk management. it will also provide good opportunities for business networking. on this note, it is my pleasure to declare open the international risks and risk management conference for insurance sector 2010.