PETALING JAYA: While the three banks Bank Negara has identified as crucial to the domestic banking sector are well-capitalised, the new regulatory framework would make mergers and acquisitions (M&A) more costly, says S&P Global Ratings.
The rating agency believed the new systemically important banks (D-SIBs) framework would discourage Malaysian banks from contemplating domestic M&A, as many local players have reportedly attempted in the past decade.
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