PIDM and SRB announce cooperation to strengthen cross-border cooperation

Malaysia Deposit Insurance Corporation (PIDM) and the Single Resolution Board (SRB), the European Banking Union’s resolution authority, have announced a Cooperation Arrangement (CA) to enhance cross-border communication and cooperation for resolving entities with cross-border operations.

The cooperation between PIDM and SRB marks a significant step towards fulfilling their respective statutory objectives, ensuring financial stability, and maintaining confidence in the financial systems in both Malaysia and the European Union. The CA will also promote the exchange of best practices and expertise in resolution.

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