SVB collapse has minimal impact on Malaysia's banking system, Dewan Rakyat told | TheStarTV.com

SVB collapse has minimal impact on Malaysia's banking system, Dewan Rakyat told

Published on 15 Mar 2023 2:29:05 PM

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 on Wed (March 15) that based on the assessment by local financial authorities, the Malaysian banking system remains competitive and resilient.

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Keywords
parliament, steven sim, silicon valley, financial system, safeguards, collapse, bank

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 on Wed (March 15) that based on the assessment by local financial authorities, the Malaysian banking system remains competitive and resilient.

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

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

Keywords:
parliament, steven sim, silicon valley, financial system, safeguards, collapse, bank

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