S&P monitors impact of Malaysian financial plan

The Financial Sector Masterplan recently announced by Malaysia's central bank is expected to improve the global competitiveness of the country's financial services sector, but its benefits are unlikely to be immediate, said a Standard & Poor's press release on Mar 5, 2001.

Rather, the plan could produce a period of some instability in terms of pricing, extent of services, and the size and number of participants, consistent with other market liberalisation experiences, the rating agency said.

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