ARX Series 2 April 2020
Bank Negara Malaysia’s Pandemic Relief Measures: A Welcomed Move to the Malaysian Banking Industry?
Webinar presented by CFA Society Malaysia
A discussion of the measures implemented by Bank Negara Malaysia to support the efforts of banking institutions to assist individuals, small and medium-sized enterprises and corporations in managing the impact of the Covid-19 outbreak.
Webinar presentation: Bank Negara Malaysia's Pandemic Relief Measures
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In light of the COVID-19 outbreak, Bank Negara Malaysia announced a series of regulatory and supervisory measures since 27 Feb 2020 to support the efforts of banking institutions to assist individuals, small and medium-sized enterprises (SMEs) and corporations in managing the impact of the outbreak. These measures aimed to alleviate the challenges faced by individuals and businesses experiencing temporary financial constraints due to the outbreak, preserving jobs and ensuring continuity of viable business, while ensuring that the financial intermediation function of the financial sector remains intact, access to financing continues to be available, and banking institutions remain focused on supporting the economy during these exceptional circumstances. While a much welcomed measure to borrowers and businesses, these are expected to have longer-term implications to the banking industry.
Speakers:
- Justin Ong, CFA, President, CFA Society Malaysia
- Teng Yue Xiang, CFA, Fixed Income Portfolio Manager, Principal Financial Group
Watch the Webinar
Duration: 1 hr 26 min.
Recorded: 2 April 2020
Presenters
Yue Xiang is currently a fixed income portfolio manager with Principal Asset Management Berhad, one of the leading asset management companies in Malaysia. Some of Yue Xiang’s managed portfolios have been awarded with several asset management awards including Lipper and Morningstar. Yue Xiang obtained his Bachelor of Commerce from Monash University Malaysia major in Economics and Econometrics and he is also a Capital Market Services Representative license holder since 2012. He obtained his CFA charter in October 2014.
Within CFA Society Malaysia, Yue Xiang has volunteered as a career consultant in the 2018 CFA Society Malaysia Career Day.
Justin is a Partner with Deloitte Asia Pacific. Based out of Kuala Lumpur office, he is the Country Leader for Financial Services Industry and Risk Consulting practice in Malaysia. In his role, he enjoys engaging with key stakeholders in the financial services ecosystem (regulatory bodies, industry players, and talents), by bringing the latest thinking to achieve a progressive, sustainable and resilient future. In the past decades, he has worked with more than 50 regulatory bodies and financial services institutions in the regions, across Asia Pacific (i.e., Malaysia, Singapore, Thailand, Indonesia, Cambodia, Myanmar, Laos, Vietnam, Hong Kong, Australia), Europe and Africa. He supported Boards and C-suites, in their transformation programme, focusing on digital, governance, risk management, compliance, and audit related matters. In addition, he is an active volunteer with CFA Institute and CFA Society Malaysia, where he has served in various leadership positions since 2015.