Malaysia's top 3 banks need to maintain higher than normal capital needs


In introducing a new framework, the central bank has identified Malayan Banking Bhd (Maybank), CIMB Group Holdings Bhd and Public Bank Bhd as those falling into the domestic systemically important banks (D-SIBs).

PETALING JAYA: Malaysia’s top three banks would need to maintain higher than normal capital requirements in order to mitigate risks to the overall banking system, said Bank Negara.

In introducing a new framework, the central bank has identified Malayan Banking Bhd (Maybank), CIMB Group Holdings Bhd and Public Bank Bhd as those falling into the domestic systemically important banks (D-SIBs).

Subscribe now for a chance to win your dream holiday!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Data centre land sales propel Crescendo’s earnings
Fed’s ‘higher for longer’ stance hits Asian currencies
Vestigo inks PETRONAS deal in Sabah
UltraTech set to acquire 23% in India Cements
GlobalData sees telco services growing by 1.9%
Micron selloff shows risk of sky-high AI expectations
YNH’s sukuk wakalah rating downgraded
Shift Up may price IPO at top end of band
IJM likely to win more data centre jobs
Hyundai seeks more EV converts with new model

Others Also Read