Malaysia’s Zeti encourages cross-border collaboration

The governor of the Bank Negara Malaysia, Zeti Akhtar Aziz, on September 1 called for stronger cross-border policy-making to address the challenges of the financial sector.

Speaking at the Federal Reserve Bank of Kansas City's symposium in Jackson Hole, Zeti argued that individual efforts can no longer guarantee collective stability. Highlighting how a cohesive approach has benefited Asia, she said: "The region is now well ahead in the areas of surveillance arrangements, financial safety nets and crisis management."

Zeti detailed a number of areas where collaborative efforts should be targeted, including in the area of capacity building. It is a priority she said, to continue improving the capability of the region's central banks to deal with the new challenges and future shocks.

Click here to read the speech.