Risks to financial stability in Malaysia remain modest: Fitch Solutions

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Risks to financial stability in Malaysia remain modest: Fitch Solutions

STORY: Risks to financial stability in Malaysia remain modest: Fitch Solutions DATELINE: April 18, 2023 LENGTH: 00:01:52 LOCATION: Kuala Lumpur CATEGORY: ECONOMY SHOTLIST: 1. various of Kuala Lumpur 2. various of Malaysian Central Bank and bank notes counting machine 3. various of container vessels at Port Klang, Selangor STORYLINE: Fitch Solutions said Monday it believes that downside risks to Malaysia's financial stability remain modest and that banks remain well-positioned to support financial intermediation, despite potential negative spillovers from banking stresses in the United States and Europe. The research house said in a statement that Malaysian banks on aggregate are likely to remain on a stable footing due to robust liquidity and capital buffers, as well as a much less restrictive monetary environment. It said Malaysian banks asset quality has also remained fairly stable despite the phasing out of support measures, and it is not expecting a significant deterioration in the months ahead. Fit

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