Malaysian banks at minimal risk from Silicon Valley Bank collapse, deputy finance minister tells Parliament

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KUALA LUMPUR, March 15 — Malaysian banks have limited exposure to the problems faced in the US financial sector following the high-profile collapse of the Silicon Valley Bank...

KUALA LUMPUR, March 15 — Malaysian banks have limited exposure to the problems faced in the US financial sector following the high-profile collapse of the Silicon Valley Bank , Deputy Finance Minister Steven Sim told the Dewan Rakyat today.“Actually, the problem of Silicon Valley Bank based on the Malaysian authorities' assessment, the banking institutions' exposure to the crisis in America is minimal and limited.

“In terms of guidelines, capitalisation guidelines and liquidity guidelines, we have quite strict rules,” Sim said during Question Time. The PAS lawmaker also asked if there were any early impact on local banking institutions such as an increase to the overnight policy rate or if Malaysia would see inflation go up or its ringgit weaken further.

 

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