Are there increasing cracks in banks?

StarBiz, 15 April 2023

In this cover story, Ahmad Nasri, Head of Banking at KPMG in Malaysia, opined that the the risk of any banking system facing a crisis exists, and it is not unique to Malaysia given the interconnected nature of the global economy and the reliance on global trade and supply chains today.

“Recognizing this, banks are always subjected to rigorous risk management practices imposed by regulators. This is reflected in the continuous issuance of updates and guidelines, which aims to ensure that banks are prepared to execute timely and effective recovery actions in the event of near financial non-viability, Nasri added.”

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