Can Malaysia’s aviation industry shed bureaucratic baggage and take flight? Here’s what Mavcom prescribed prior to merger bid in 2020Deputy Finance Minister Lim Hui Ying said the appropriate follow-up actions, as provided under the Financial Services Act 2013 and the Islamic Financial Services Act 2013 , would depend on an assessment of the root cause and impact of the disruptions from the affected institutions.
“Regarding the recent incidents of online services outage, BNM has taken immediate actions to instruct the banking institutions involved to determine the root cause of the disruptions and subsequently set appropriate corrective and preventive measures to avoid a recurrence of similar issues. Furthermore, she said BNM is closely monitoring the situation to ensure that the banking institutions involved restore normal banking services as soon as possible.