KUALA LUMPUR: The collapse of Silicon Valley Bank - the second largest bank failure in US history - has minimal and limited impact on Malaysia's banking institutions, says Deputy Finance Minister Steven Sim.
He told the Dewan Rakyat that based on the assessment by local financial authorities, the Malaysian banking system remains competitive and resilient."In terms of regulations on capitalisation and also liquidity, ours are quite strict. Periodic stress tests are also carried out on the Malaysian banking system to ensure that it is prepared to face all pressures in the market," he told Mohd Syahir Che Sulaiman during Question Time on Wednesday .
Mohd Syahir also wanted to know if the collapse would have any impact on the overnight policy rate , ringgit, and inflation rate.Collapse of SVB not expected to have direct or major impact on local bourse, Malaysian companies "In this aspect, any decision by the committee is based on price stability in Malaysia and sustainable economic growth.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SVB: Bursa Malaysia turut terjejasDalam segi dagangan semalam, kaunter rugi mengatasi untung sebanyak 703 kaunter berbanding 254. Sementara 340 kaunter lagi tidak berubah.
Read more »
93 kilang tutup operasi sejak 2018 hingga 2022, Dewan Rakyat diberitahu93 kilang tutup operasi sejak 2018 hingga 2022, Dewan Rakyat diberitahu FMTNews FMTBerita
Read more »
5G prices expected to come down as coverage expands, Dewan Rakyat hearsKUALA LUMPUR: High-speed 5G Internet prices are expected to go down as coverage expands nationwide, says Teo Nie Ching.
Read more »
Lower 5G prices with coverage expansion, Dewan Rakyat told | The Malaysian InsightLower 5G prices with coverage expansion, Dewan Rakyat told
Read more »
State polls to cost more than RM420mil if not held concurrently, Dewan Rakyat toldKUALA LUMPUR: If will cost the government more than RM420mil if Selangor, Penang, Negri Sembilan, Kedah, Kelantan and Terengganu do not hold their respective state polls concurrently, says Ramkarpal Singh.
Read more »