Smooth going on Malaysian markets post-Brexit vote: Committee

Smooth going on Malaysian markets post-Brexit vote: Committee

KUALA LUMPUR: The Malaysian markets have been resilient and continue to operate in an orderly manner post-Brexit referendum, facilitating smooth intermediation activities among the market participants, said the Financial Market Committee (FMC).

FMC comprises representatives from Bank Negara Malaysia, financial institutions, corporations, financial service providers and other institutions or stakeholders.

It said 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,” FMC said in a statement yesterday.

It added that Bank Negara Malaysia will continue to monitor these developments and work with FMC members, including taking proactive measures to address any further volatility that could re-emerge from the transition process to ensure orderly functioning of the financial markets.

– The Sun