Bank Negara: Banking system can withstand ‘extreme shocks’

ALTHOUGH much uncertainty prevails amid the current global Covid-19 virus outbreak, the Malaysian banking system remains resilient, thanks to strong capital buffers - a result of prudent measures - undertaken over the years.

Bank Negara governor Datuk Nor Shamsiah Mohd Yunus says that in recently conducted stress tests on local financial institutions, it was indicated that lenders could withstand “extreme shocks.”