KUALA LUMPUR – Bank Negara Malaysia (BNM) firmly believes that the global banking crisis, which saw the collapse of Switzerland’s second-largest bank, Credit Suisse, is unlikely to happen in Malaysia as banks in the country are still resilient to severe adverse scenarios.
Governor Tan Sri Nor Shamsiah Mohd Yunus said that based on the macro stress test conducted on the banking system in the Economic and Monetary Review 2022 (EMR) report, the banking sector maintains healthy levels of capital and liquidity buffers.
“Our banks are still resilient and we do not expect what we see in other countries to happen here in Malaysia,” she told a press conference on BNM’s flagship publications – Annual Report 2022, EMR, and Financial Stability Review for the Second Half 2022 – here today.
Nor Shamsiah was asked whether incidents similar to Credit Suisse would happen in Malaysia over the next eight to 12 months. – Bernama, March 29, 2023
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