Through this program, several opportunities for collaboration on training have been identified, particularly in the context of existing plans for human resource development at the central bank, the CBM’s strategic plan for onsite and offsite supervision, and a future CBM training institute. And today, with the opening of this Maybank branch, marks another milestone in the relationship between Myanmar and Malaysia. The granting of a banking license to Maybank provides Malaysia with yet another avenue to participate and contribute towards the economic development of Myanmar. Being a responsible corporate citizen It is in the interest of financial institutions to be a responsible corporate citizen and contribute to the flourishing and wellbeing of society. Financial institutions must adapt to their domestic environment and be mindful of the needs of the community in which they operate in. Access to financial services for all segments of society is important for inclusive and sustainable growth for an economy. The low and moderate income households must be served as they represent the future. There are at least two dimensions to being a responsible corporate citizen. The first dimension is to design and grow business responsibly, by providing ethical and sustainable financial products and services to all segments of society. Part of this essential component is promoting greater levels of financial literacy and understanding of financial products among the local community. Banks need to strive to deliver the highest standards of service to all. The second dimension is the act itself of giving back to the community.
Muhammad bin Ibrahim: ASEAN financial integration, collaboration with Myanmar and other challenges for Malaysia Speech by Mr Muhammad bin Ibrahim, Deputy Governor of the Central Bank of Malaysia (Bank Negara Malaysia), at the Maybank Myanmar Grand Opening, Yangon, Myanmar, 2 October 2015. *  *  *  A very good evening, it is an auspicious occasion. Congratulations to Maybank on the opening of its branch in Yangon, Myanmar. I am very confident that the launching of this first branch marks the beginning of a productive, innovative and meaningful journey for Maybank in contributing to the economic transformation of Myanmar and in particular the development of its financial sector. I am confident that this branch will be the first of many to come. My remarks today will touch on three subjects: Firstly, the importance of ASEAN financial integration; secondly, the close and long-standing friendship between Myanmar and Malaysia; and the role of financial institution as a responsible corporate citizen. ASEAN: Story of the future that begins today Members of ASEAN have adopted an ambitious, unique and comprehensive vision for an economically and financially integrated region. I term it as unique since we are embarking on this process in a phased and gradual manner. Each member country is given the flexibility to progress towards integration based on its state of readiness. It is an inclusive approach and a long term strategic plan to unlock the growth potential of our region in the coming decades. The case for integration is self-evident.