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Bank Negara Malaysia issued five warning letters to Tabung Haji regarding its deteriorating financial position, which were ignored by management despite potential systemic risks to the country's financial system.
Former Bank Negara Malaysia deputy governor Datuk Ooi Sang Kuang has called for the central bank's supervisory framework to become more collaborative rather than prescriptive, emphasizing greater use of regulatory sandboxes to support emerging industries.
Communications Minister Datuk Fahmi Fadzil has urged Malaysians to report instances where banks continue charging RM1 fees for withdrawals at their own ATM machines, saying Bank Negara Malaysia has banned the practice.