Risk and Regulation,

Risk and Regulation,

Bank Negara Malaysia wishes to announce the appointment of Encik Shaik Abdul Rasheed bin Abdul Ghaffour (Encik Abdul Rasheed) as Deputy Governor for a three-year term effective 16 July 2016.

As Deputy Governor, Encik Abdul Rasheed will be responsible for the financial sector regulation and development including payment systems as well as the international reserve management and money market operations and foreign exchange administration.

Encik Abdul Rasheed is currently the Assistant Governor responsible for the Monetary Policy and Economics sector which consists of the Monetary Policy, Economics, International and Statistical Services departments of the Bank. Encik Abdul Rasheed is a member of the Bank's Management Committee as well as several policy committees namely the Monetary Policy Committee, Reserve Management Committee and Risk Management Committee.

Encik Abdul Rasheed has served at the International Monetary Fund (IMF), Washington D.C. as the Alternate Executive Director of the South East Asia Voting Group on the IMF Executive Board. He had a key role in the development and successful implementation of the Financial Sector Masterplan (2001-2010) and formulation of the Financial Sector Blueprint (2011-2020). He was also involved in the regional co-operation initiatives during Malaysia's Chairmanship of ASEAN including the endorsement of the Summary of Achievements of ASEAN Financial Integration and the development of the ASEAN Financial Integration Plan-Post 2015.

Encik Abdul Rasheed joined the Bank in 1988 and holds a Bachelor Degree in Economics from University of Malaya.

With the appointment, Bank Negara Malaysia now has three Deputy Governors, as provided for by the Central Bank of Malaysia Act, 2009.

Re-disseminated by The Asian Banker