Thomas J. Jordan Chairman of the Governing Board Swiss National Bank University of Basel, Faculty of Business and Economics Basel, 23 November 2017  EQUATION 1 Current account balance = Trade account balance + Net labour and investment income + Net current transfers EQUATION 2 Current account balance = Savings of an economy – Domestic investments = Financial account balance EQUATION 3 Change in net international investment position = Current account balance + Other influencing factors = Financial account balance + Other influencing factors  2  23 November 2017  University of Basel, Faculty of Business and Economics | Thomas J. Jordan | © Swiss National Bank  3  23 November 2017  University of Basel, Faculty of Business and Economics | Thomas J. Jordan | © Swiss National Bank  4  23 November 2017  University of Basel, Faculty of Business and Economics | Thomas J. Jordan | © Swiss National Bank  5  23 November 2017  University of Basel, Faculty of Business and Economics | Thomas J. Jordan | © Swiss National Bank  6  23 November 2017  University of Basel, Faculty of Business and Economics | Thomas J. Jordan | © Swiss National Bank  7  23 November 2017  University of Basel, Faculty of Business and Economics | Thomas J. Jordan | © Swiss National Bank  8  23 November 2017  University of Basel, Faculty of Business and Economics | Thomas J. Jordan | © Swiss National Bank  9  23 November 2017  University of Basel, Faculty of Business and Economics | Thomas J. Jordan | © Swiss National Bank  10  23 November 2017  University of Basel, Faculty of Business and Economics | Thomas J. Jordan | © Swiss National Bank  11  23 November 2017  University of Basel, Faculty of Business and Economics | Thomas J. Jordan | © Swiss National Bank
All reporting institutions are invited to provide comments and views on the draft which may be organized through relevant licencing authorities, self-regulatory bodies, industry associations or directly to Bank Negara Malaysia; and 2. second, I would also like to take this opportunity to remind all reporting institutions, that Bank Negara Malaysia is increasing its supervisory and enforcement of AML/CFT compliance, in which we intend to pursue more deterrent action including taking appropriate enforcement actions under the AMLA, for any identified non-compliances, beginning 2020. As such we urge all reporting institutions present today to engage and discourse any compliance issues with the wide ranging of experts that we have lined up for this conference. With that, I wish everyone a fruitful discussion ahead and Selamat Menyambut Hari Kemerdekaan. 3/3  BIS central bankers' speeches