Labuan IBFC maintains an open, consultative approach with industry players on issues and developments affecting their business. Meetings are held regularly with the associations and council members of Labuan banks, Labuan investment banks, Labuan insurance and insurance-related companies, and Labuan trust companies, including:
These efforts are intended to facilitate greater understanding of current business conditions and promote closer collaboration and a stronger relationship between the regulator and the industry players.With the growing diversity of businesses on offer in Labuan IBFC also comes a greater need for talent development in the jurisdiction, especially in the area of technical competency.
To address this, Labuan IBFC has taken the initiative to engage with associations and training institutions in providing professional certification and training programmes with the objective of enhancing the knowledge and technical skills of professionals in Labuan IBFC.
