of investigation of such cases. this means that the concept of bank security management now goes beyond guard force deployment and monitoring. broader authority and responsibility for security management personnel clearly requires reorientation and training of both officers and staff of your departments. for at the end of the day, even with the most expensive security gadgets, it is the training of your personnel, their ability to discern potential danger or fraud, and skills honed through constant practice that will spell the difference between success and failure for your security management. now is the best time therefore for bsma to take the lead in this direction by keeping your association united and constantly engaged in dialogues to keep up to date with the industry best practices. and so, once again, i congratulate the bsma and its leadership for having a proactive stance in dealing with bank security management. i wish you all the success in keeping the banking community and its clients safe and secure. mabuhay ang bsma! salamat sa inyong lahat.

arnold schilder : the boundaries of the civil society? the example offered by financial supervision speech given by professor a schilder, executive director of the nederlandsche bank, in the context of the second european social week held in bad honnef, germany, on 7 april 2000. * * * introduction the main theme of this second european social week is the establishment of a civil society in europe. this week is intended to generate initiatives which could contribute towards this goal. at the same time, we need to ask ourselves where the boundaries of a civil society lie. put differently, does the model for the civil society meet the requirements of the european society that we envisage? i am sure that you have no need of an explanation of the concept of a civil society. put briefly, a civil society is a society built on a large measure of self - control. if you favour a civil society you expect individuals to engage in responsible behaviour. in our societies, freedom is a great good. but freedom goes hand in hand with responsibility. one man ’ s freedom may be another ’ s lack of it. that is why freedom is curtailed by standards and values. at the end of the day, it is these standards and values that protect our freedom. these days we are increasingly asking ourselves to what extent individuals are capable of taking responsibility for their actions. this question arises from our growing interest in moral values. there is an increasing call for control and supervision of compliance with standards. why? well, we are living in highly democratized times, where the need for transparency and openness is growing daily. this is not least because of the development of a wide variety of new media, such as the internet. whether this call for more supervision and control spells the end of the civil society is something i will be going into later. let me first say something about the boundaries of the civil society. why do we need to see to it that individuals shoulder their responsibilities? i shall illustrate my point by taking a look at supervision as it is exercised on the financial sector. financial supervision in summary before discussing the boundaries of the civil society, i would like to provide you with a brief overview of financial supervision. the emphasis will be on how that supervision is organised in the netherlands. however, keep in mind that the issues confronting the dutch financial system are no different from those in other european countries or other parts of the world. in this context, the fact that supervision is organised differently from one country