Governor spells out ‘clear the hurdle’ factors

Muhammad: ‘This is precisely why we need to develop the role of market-based financing institutions as a new source of funding.’

KUALA LUMPUR: Niche institutions and alternative credit providers must meet the high bar and strict preconditions before the funding model for consumers can take root and flourish, said Bank Negara Governor Datuk Muhammad Ibrahim.

He said the presence of a strong regulator, a sound and resilient supervisory and regulatory framework as well as robust consumer protection statute were some of the critical foundations required.