DOMESTIC banking institutions are well poised to operate in a more deregulated and liberalised environment as envisioned under the second phase of the Financial Sector Masterplan (FSMP) now that the financial sector restructuring programme is completed and the foundation for a resilient banking system in place, Bank Negara said.
In addition to capacity building, the policy measures last year also focused on widening access to financing by key economic sectors, strengthening the consumer protection framework and preserving overall system resilience.