In this regard, I would like to express my gratitude to the Financial Education Network and everyone involved in the FLM for their relentless efforts in elevating financial literacy. The reality is that as our lives become increasingly digital, criminals are also finding new and innovative ways to commit digital crimes, such as financial scams. Indeed, the issue of financial scams has become a global issue, not just unique to Malaysia. Criminals are using increasingly sophisticated methods to scam victims. This is a concerning trend which keeps many of us up at night. For Bank Negara Malaysia, our priority is to ensure that banking and payment channels remain safe and secure. Given that the tactics used by criminals will continue to evolve, we will, where necessary, issue new security advisories and additional security measures for banks to take from time to time. These include the five measures announced on 26 September to further strengthen the banks' controls and safeguards against financial scams. I am pleased to see that banks are giving their full commitment and making progress in implementing these measures. The government recently announced the establishment of the National Scam Response Centre or NSRC, a command centre to coordinate rapid response for online financial  1/2  BIS - Central bankers' speeches  scams. NSRC brings together resources and expertise from NFCC, PDRM, BNM, MCMC, financial institutions and the telecommunication industry to combat financial scams more quickly and effectively.
Mugur Isărescu: Regional economic outlook - Europe Opening speech by Mr Mugur Isărescu, Governor of the National Bank of Romania, at the conference "Regional Economic Outlook - Europe", Bucharest, 17 November 2017. * * * Your Excellences, Ambassadors, Members of the diplomatic corps, Ladies and gentlemen, Distinguished guests, It is my pleasure to welcome you to the National Bank of Romania. The Board and I are honored to host the presentation of an important IMF document, one of their flagship reports, namely “2017 Regional Economic Outlook Report”. It is a tradition for the National Bank of Romania to host this event and we are pleased to greet the presence of many foreign diplomats – this is a clear testimony of its importance. Allow me to extend a warm welcome to Mr. Jeffrey Franks, who has been a long-standing friend of Romania. Mr. Franks is a veteran of the Fund, who – over the last 25 years – has managed challenging assignments, including the resident offices in Ukraine and Ecuador, and has led teams in Pakistan, Romania, France, Belgium, and Paraguay. He was the IMF Mission Chief for Romania for almost 3 years, from 2009 till 2012. As many of you may remember, during his mandate as mission chief, Romania overcame a very difficult period, with the support of the IMF, WB and EC.