A crucial factor affecting the success or otherwise of the CFI is the availability of qualified and competent practitioners who can help the banks and the HKMA in the areas of risk assessment, design and implementation of the defence mechanism and the day-to-day management of cybersecurity. Unfortunately, there is a general shortage, globally, in the supply of qualified professionals in the field of cybersecurity and Hong Kong is of no exception. So the second pillar of our CFI is to develop a training and certification programme in Hong Kong so that we may have an increased supply of qualified professionals in cybersecurity going forward. I am very pleased to announce that, in collaboration with the Hong Kong Institute of Bankers (HKIB) and the Hong Kong Applied Science and Technology Research Institute (ASTRI), a new training and certification programme in cybersecurity will be launched. I am also very pleased to say that we are collaborating closely with CREST, the UK cybersecurity certification body, to ensure that the programme in Hong Kong is designed and benchmarked against the latest international standards in this field. I understand that Mr Ian Glover, President of CREST International, is with us today and he and Carrie Leung of HKIB will talk more about this professional development programme later on. What I would say here is that the training and certification programme in Hong Kong will offer three levels of competence: “foundation”, “practitioner” and “expert”.
Regardless of whether we conclude that the repo rate must be increased soon or that it can be left unchanged for somewhat longer, the Riksbank’s commitment to price stability is intended to make a contribution to a path for output and employment in Sweden that remains stable. 5  BIS Review 84/2000