Given such recent experience, it is not an easy task to bring out many firms’ incentives to take on the challenge of tapping potential demand and thereby strengthening growth potential amid further progressing aging. However, that is why there are high expectations for the role of financial and capital markets, in which growth money is created.
In this time of heightened uncertainty and market stress, Governor Shamsiah and BNM colleagues have shown very timely leadership in hosting a roundtable on this important topic. Assessment of multi-layered financial safety nets As the starting point of my remarks, I would like to briefly review the progress of the multilayered financial safety nets since the painful experience of the AFC.