2  BIS central bankers’ speeches  •  We have world-class universities such as INSEAD and University of Chicago based here, who will collaborate with this Campus to design programmes to offer highquality, specialised courses in banking and finance. •  We have research centres such as the Centre for Asset Management Research and Investments and EDHEC conducting specialised research in areas relevant to the financial industry. •  We have training providers such as the Wealth Management Institute and Risk Management Institute organising programmes and conferences to further thought leadership in areas of finance. BNP Paribas’ Asia Pacific Campus is a welcome addition to Singapore’s ecosystem to build human capital in finance for the future. Conclusion This is an exciting time to be in the financial industry, notwithstanding the challenges it has gone through since the crisis. It is also an exciting time to be in Asia. But to seize the opportunities in Asian finance, we need a deep pool of highly skilled and trusted professionals. I thank BNP Paribas for growing with Singapore, and for being a strong partner with MAS in our efforts to develop talent and capabilities. I am confident your strong presence in Singapore will serve you well as you continue to extend your Asian footprint. BIS central bankers’ speeches  3
Figure 8 a) Employment (moving quarter/moving quarter change, thousands)  b) Compensation index (IR) (percent, annualized quarterly velocity, moving  150  12  100 50 0  Real IR  Nominal IR  160  8  140  6  120  4  100  60 40  -2  20  -4 21  22  Source: Central Bank of Chile based on INE data. IALI  80  0  -100  Sence (*)  180  10  2  -50  c) Labor demand (index, January 2021 = 100, moving 3-month average  0 02  07  12  17  Source: Central Bank of Chile based on INE data. 13  22  20  21  22  (*) Information from System of Employment Board Analysis and Sence Labor Observatory. The indexes were built with information downloaded from trabajando.com and laborum.cl with nationwide coverage. The number of ads corresponds to ads uploaded by firms. Latest data available is from 31 October. Sources: System of Employment Agency analysis, Sence Labor Observatory, and Central Bank of Chile.