Collapse of SVB in US unlikely to affect local banks, says Finance Ministry | TheStarTV.com

Collapse of SVB in US unlikely to affect local banks, says Finance Ministry

Published on 21 Mar 2023 6:24:41 PM

The collapse of Silicon Valley Bank (SVB) in the United States is unlikely to have a contagion effect on the banking sector here said Datuk Seri Ahmad Maslan.

The Deputy Finance Minister said the government is of the view that it will not spread here.

He said when replying to a supplementary question raised by Datuk Dr Shuhaili Abdul Rahman (PN-Labuan) in Parliament on Tuesday. (March 21).

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Keywords
svb, silicon valley bank, united states, contagion effect, opr, banking, bank run, ahmad maslan, finance ministry

The collapse of Silicon Valley Bank (SVB) in the United States is unlikely to have a contagion effect on the banking sector here said Datuk Seri Ahmad Maslan.

The Deputy Finance Minister said the government is of the view that it will not spread here.

He said when replying to a supplementary question raised by Datuk Dr Shuhaili Abdul Rahman (PN-Labuan) in Parliament on Tuesday. (March 21).

Read more at https://bit.ly/3JV2NaX

WATCH MORE: https://thestartv.com/c/news
SUBSCRIBE: https://cutt.ly/TheStar
LIKE: https://fb.com/TheStarOnline

Keywords:
svb, silicon valley bank, united states, contagion effect, opr, banking, bank run, ahmad maslan, finance ministry

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