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Bank Negara chief declares banking system resilient

She says stress tests show the system can withstand shocks, even loan defaults by highly leveraged entities

Dr Zeti said banks' profitability might be affected, but that their capital base would stay above the minimum requirement. Asked about 1MDB, she said the law barred her from commenting on the agency allegedly having bypassed the central bank in making a loan.

Kuala Lumpur

THE governor of Bank Negara Malaysia (BNM) has pronounced the country's banking system sufficiently robust, with its stress tests indicating that it can withstand various shocks, including recessionary conditions and corporate defaults.

Presenting the central bank's...

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