Bank Negara to engage with banks regarding recovery plan submissions

KUALA LUMPUR: Bank Negara Malaysia (BNM) will engage with banks in the coming months regarding the first batch of submissions of their recovery plans, deputy governor Datuk Jessica Chew Cheng Lian said.

She said the key focus of the meetings is to ensure that the banking industry in Malaysia is sufficiently robust and that the stress scenarios developed by banks are sufficiently severe and diverse.