Effective Date
 This document was last updated on 20 March 2020.
 

Applicability
FSA
IFSA

 
Summary
The policy document sets out the requirements for the maintenance of balances by banking institutions in their statutory reserve accounts (SRAs) with Bank Negara Malaysia (the Bank). Banking institutions are required to maintain balances in their SRAs equivalent to a proportion of their eligible liabilities as prescribed in the policy document.

 
Highlights
The SRR is reduced from 3.0% to 2.0% effective 20 March 2020. The daily variation from the SRR shall remain within the band of ±20% of the statutory reserve requirement rate i.e. 1.6%-2.4%. The calculation of the SRR for the compliance period of 16 March 2020 to 31 March 2020 is stipulated in the policy document.
 

Issuing Department
Prudential Financial Policy Department
 
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