Expectation on the Association I have attempted to describe the industry’s operating landscape sometime in the near future. This is the future full of opportunities and can be realised through collective efforts of the  BIS central bankers’ speeches  3  industry players, with the effective leadership of the Association. The industry, together with the Association, should set its sights beyond the domestic agenda. The Association should continue to drive efforts to further elevate the reputation of the industry as a regional benchmark for best practices in money services business. The successful organisation of the regional conference on money services business by the Association last year effectively showcased the remarkable progress that has been achieved in the industry and generated a lot of interest in Malaysia’s experience. Building on this interest, the Association can take a lead in the establishment of a regional network of money services business Associations among ASEAN countries to forge cooperation among industry players in the region. This would contribute towards raising standards more broadly across the region and unlocking the business potential in the money services sector within the region. The Bank stands solidly behind the Association to achieve this operation. Conclusion In closing, let me congratulate the Council of the Association on the significant achievements over the past year which would not have been possible without your commitment in time and resources, and the strength of your conviction to overcome obstacles along the way.
Muhammad bin Ibrahim: The money services business industry in Malaysia Keynote address by Mr Muhammad bin Ibrahim, Deputy Governor of the Central Bank of Malaysia (Bank Negara Malaysia), at the Malaysian Association of Money Services Business (MSB) Annual Dinner 2015, Kuala Lumpur, 25 April 2015. *  *  *  Terima kasih kerana menjemput saya pada malam ini untuk bersama meraikan majlis makan malam Persatuan Perniagaan Perkhidmatan Wang Malaysia yang diadakan buat julung kalinya. Saya amat berbesar hati dengan kehadiran tuan-tuan dan puan-puan sekalian yang mewakili hampir keseluruhan penggiat industri pada malam yang bermakna ini. Ia jelas menunjukkan sokongan padu dan komitmen daripada saudara dan saudari untuk terus merealisasikan aspirasi untuk membina sebuah industri yang moden, progresif dan berdaya saing. I feel only a short time ago that I had officiated the official launch of the Association. Since then the industry has made significant progress on many fronts. Standards have been raised, business conduct modernised and the structure of the industry has changed significantly. In many ways the achievements by the industry had exceeded our expectations. I would like to believe that the regulatory reform instituted over the last few years was the catalyst that had transformed the money services business industry. We have seen very encouraging results. But these transformations would not be possible without the vision and shared commitments provided by the Association and the industry players.