of failing to do so could be catastrophic. e. importance of consumer education and awareness consumers also have an important role to play to avoid becoming victims of fraud. as consumers, we should learn about the simple yet important steps that we can take to conduct safe payment transactions. there have been cases where the public have been deceived to transfer their funds into another account, only to be siphoned off by a fraudster. this is done through psychological manipulation where the fraudster impersonates a bank officer or an officer of bank negara malaysia, to deceive the victim. such fraud cases can easily be avoided if consumers are made aware of such methods and informed of the precautions that they should take to avoid being fraud victims. as consumers, we should pay particular attention to the fraud alerts provided by our banks and the police and take the necessary precautions. consumers should know as a basic fact that for instance, their banks or bank negara malaysia will never ask them to disclose or validate personal details such as login id, passcode and mobile phone numbers through sms or emails. bis central bankers ’ speeches f. measures to be undertaken in 2015 we have set out an ambitious roadmap for malaysia ’ s migration to e - payments. moving forward, a strong focus on six strategic priorities is required to accelerate the pace of our country ’ s migration to e - payments. for 2015, i would like to suggest 6 key measures. i. firstly, we need to deploy an additional 50, 000 point - of - sale terminals in 2015, targeting in particular lower - tier merchants. the idea is to widen the acceptance of debit cards. to promote wide usage among consumers, we need to intensify efforts to conduct promotional activities to drive the usage of debit cards to reach 89 million transactions in 2015, compared to about 65 million transactions this year. ii. secondly, we need to double our efforts to raise the level of awareness on the basic safety steps to deter payment fraud. the recent 2 - month long “ think online safety, think c. a. r. d. ” campaign, jointly organised by the association of banks in malaysia ( abm ) and the ncg, to promote safe online payment practices, is a step in the right direction. the final session of the campaign will be held in sasana kijang today. similar campaigns should be organised and expanded to reach a wider segment of the malaysian population. iii. thirdly, the industry should

it is becoming the preferred approach to supervision worldwide. in the united states, the bhc act has long provided the federal reserve broad authority to examine a bank holding company ( including a financial holding company ) and its nonbank subsidiaries, whether or not the company or nonbank subsidiary engages in transactions, or has relationships, with a depository institution subsidiary. 4 pursuant to this authority, the federal reserve routinely conducts examinations of all large, complex bank holding companies and maintains inspection teams on - site at the largest bank holding companies on an ongoing basis. these examinations, which are conducted using well - established procedures, manuals and systems, allow the federal reserve to review the organization's systems for identifying and managing risk across the organization and its various legal entities and to evaluate the overall financial strength of the organization. by contrast, the primary federal supervisor of a bank, including an ilc, is authorized to examine the parent company and affiliates ( other than subsidiaries ) of the bank only to the extent necessary to disclose the relationship between the bank and the parent or affiliate and the effect of the relationship on the bank. using its authority under federal law, the federal reserve also has established consolidated capital requirements for bank holding companies. these capital requirements help ensure that a bank holding company maintains adequate capital to support its group - wide activities, does not become excessively leveraged, and is able to serve as a source of strength, not weakness, for its subsidiary insured banks. the parent companies of exempt ilcs, however, are not subject to the consolidated capital requirements established for bank holding companies and, as the fdic has noted, may have no expectation that they should serve as a source of strength to their subsidiary ilc. indeed, among the factors contributing to the failure of a federally insured ilc in 1999 were the unregulated borrowing and weakened capital position of the corporate owner of the ilc and the inability of any federal supervisor to ensure that the parent holding company remained financially strong. federal law also gives the federal reserve broad enforcement authority over bank holding companies and their nonbank subsidiaries. this authority includes the ability to stop or prevent a bank holding in the case of certain functionally regulated subsidiaries of bank holding companies, the bhc act directs the board to rely to the fullest extent possible on examinations of the subsidiary conducted by the functional regulator for the subsidiary, and requires the board to make certain findings before conducting an independent examination of the functionally regulated subsidiary. 12 u. s. c. §