Statement by Financial Market Committee on post BrexitEmbargo : For immediate release Not for publication or broadcast before 0550 on Thursday, 30 June 2016
30 Jun 2016
Post Brexit referendum, the Malaysian markets have been resilient and continuing to operate in an orderly manner, facilitating smooth intermediation activities among the market participants.
Key domestic markets including the government bonds, corporate bonds and money markets were stable and the domestic markets continue to have ample liquidity. For the Ringgit foreign exchange market, despite higher than usual volatility, liquidity remains supported and financial market participants are able to transact and execute their business without any disruptions.
Bank Negara Malaysia will continue to monitor these developments and work with the Financial Market Committee members, including taking proactive measures, to address any further volatility that could re-emerge from the transition process to ensure orderly functioning of our financial markets.
Financial Market Committee (FMC)
30 June 2016
The Financial Markets Committee (The Committee) is established with the objective to broaden industry engagement with a focus in reviewing and formulating comprehensive strategies for the wholesale financial markets to meet the diverse and complex demands of a more developed and internationally integrated economy.
The Committee comprises of participants/representatives from Bank Negara Malaysia, financial institutions, corporations, financial service providers and other institutions or stakeholders which has prominent role or participation in the financial markets.
The Committee also aims to provide a senior-level forum for market participants to meet regularly to discuss matters and potential issues and risk relating to the development of Malaysian financial market.
Bank Negara Malaysia
30 Jun 2016
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