Zeti deems shadow loan regulation ‘highly effective'
Bank Negara Malaysia governor says macro-prudential regulation of non-banks has stabilised household sector
Macro-prudential regulation extending to non-banks has successfully curbed shadow lending to Malaysia's real estate speculators, Bank Negara Malaysia (BNM) governor Zeti Akhtar Aziz told Central Banking on May 15.
The central bank imposed restrictions on credit co-operatives and other non-banks in July 2013, after household debt increased by an annual average of 12% in the five preceding years.
Speaking at a press conference in Kuala Lumpur, Zeti described the measures as "highly effective" in
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