be extremely important to build and preserve confidence in the use of digital financial services. learning how to use digital financial services safely is just one dimension. an important goal of improving digital financial literacy is also to help individuals make better use of digital financial services to improve their financial well - being. with an explosion of digital tools that can help individuals plan and manage their finances better, a much wider range of financial solutions, and easier access to financial advice - financial literacy, including digital financial literacy, is critical to help individuals navigate the complexity that comes with more choice. faced with the same set of choices, individuals armed with the knowledge and skills to make good choices and good use of facilities available to them could significantly improve their standard of living, while others who make poor financial choices could be plunged into personal financial hardship. 15. the financial literacy month this year aims to amplify the importance of digital financial literacy in helping malaysians build financial resilience, and enable them to participate fully in the digital economy with confidence. our efforts should reduce the digital divide, expand accessibility, and strengthen individual skills to manage money wisely. 16. it would be a mistake, however, to think that we can hope to provide all the knowledge and information needed, at exactly the right times, for individuals to successfully navigate the digital financial landscape. rather, our job as a financial education community is to help people become comfortable with the language and ways of digital financial services - much like learning how to get around and get things done in a new city. then individuals will be far better able to adapt to the continual changes brought about by new technologies and empowered to know what to look for, where to look, and how to make sense and use what they find to their best advantage. this is not achieved in one month or over the few days that our teams will be spending in each location on the roadshow. it requires sustained efforts on our collective part to help your customers, the schools and organisations that you work with, and the public at large, build greater confidence in using financial services effectively. 17. financial education is absolutely central to the goal of making sure that finance works for the people. today, more than at any time before, our society needs the right 3 / 4 bis - central bankers'speeches knowledge and skills to manage their finances. saving for retirement, borrowing responsibly, investing wisely, and protecting against financial harm will build resilient households. resilient households, in turn,

s foot print is not sustainable, risk premia will rise. central banks can also help to correct the carbon bias in capital markets. in the euro area, central bank purchases of corporate bonds follow a market neutrality principle. this means that the purchases reflect the broader corporate debt market. but what does this neutrality mean if there is a carbon bias in european capital markets because the relative price of carbon emissions is distorted? central banks could explore how, within the boundaries of their mandates, they can redesign their monetary policy instruments to prevent such biases from occurring, and instead contribute to unlocking more green investments. we could take the existing eu policies, such as the non - financial reporting directive and the eu taxonomy for sustainable activities, as a starting point in this respect. i spoke about the need for carbon pricing and transition plans. about the need for good risk management and disclosure. and the need for more supply of risk capital. when it comes to the role of the financial sector, i may have inadvertently left you with the impression that finance always follows the real economy. that if governments and central banks and other policymakers and standard setters provide all the right conditions, then funding for the green transition will follow suit. although i think this is largely true, it is not entirely how i see the role of the financial sector. financial market players should not wait for all the regulations, and conditions, and perfect data sets to be in place before they can have impact. they perform a crucial role in the economy by helping companies to grow and create jobs and wealth. that means they have a social responsibility of their own to make sure that their business models support a sustainable economy. it is good to see that many financial institutions are working on reducing their carbon footprint. to them i would say, keep up the good work, and branch out 3 / 4 bis central bankers'speeches where possible. and to the others i say, don ’ t just talk the talk, but also walk the walk. maybe only now, thirty years later, we fully realize how much courage it took for our central and eastern european partners to embark on their bold experiment. without an existing blueprint. under economic circumstances that make our troubles today look relatively benign. but they had little choice. and neither do we. so let ’ s learn from their experience and take courage from their example. even if we do not yet know exactly what a carbon - neutral economy looks like, and how it will change our everyday lives. the eu green