KUALA LUMPUR: Although most banking systems entered the crisis in good shape following a decade of balance-sheet strengthening, the recent resurgence in coronavirus cases highlights the risk of further economic deterioration.
This uncertainty, along with dissipating support measures going into 2021, poses considerable risks for banks, underpinning Moody's Investors Service's negative outlook for global banking systems.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!