Rigorous screening for new hires in financial industry

The 25 basis point increase in the Overnight Policy Rate (OPR) will benefit fixed deposit (FD) savers after the real rate of return on deposits will return to positive in 2018.

KUALA LUMPUR: Bank Negara Malaysia (BNM) will soon require financial institutions to undertake rigorous screening for their new hires as integrity is critical in enhancing confidence in the financial system.

"This is to ensure that the financial industry possess a competent and professional workforce," said the central bank when asked on further development measures by BNM and the financial industry to protect the integrity and confidence in the domestic financial system.