SVB Collapse Has Little Effect on Malaysia's Banking Sector, Dewan Rakyat Reports

The recent failure of Silicon Valley Bank, the second-largest bank collapse in US history, is said to have minimal impact on Malaysia's banking system, according to Dewan Rakyat officials. 📉

The Star1.3K views2:44

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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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1.3K

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Duration
2:44

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Published
Mar 15, 2023

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