· Abdul Rasheed Ghaffour · Bank Negara Malaysia WikiNational Resolution Symposium 2024
Read full speech on bis.org ↗ContextSpeech at the National Resolution Symposium 2024 in Kuala Lumpur; Bank Negara Malaysia keeps the financial system sound and prepares plans to handle failing banks.
Why it mattersMalaysia's governor calls for regional coordination when banks fail across borders.
Problems raised
- Countries have different resolution frameworks.
- Cross-border crisis coordination is hard.
- Bank failures need planning.
Solutions proposed
- Improve crisis communication.
- Use the EMEAP resolution framework.
- Coordinate regionally.