New blueprint opens up opportunities for banks

In addition, MIDF Research said new opportunities would be created from the central bank’s efforts to further develop the onshore derivatives market and foster a greater adoption of collateralised transactions within the domestic money market.

PETALING JAYA: Bank Negara’s Financial Sector Blueprint 2022-2026 is expected to unleash new opportunities for banks in Malaysia, according to MIDF Research.

This is premised on the central bank’s plan to facilitate banks’ access to a wider range of data sources on borrowers, promote alternative finance ecosystem and revamp the current microfinancing ecosystem.