Kuala lumpur: Financial institutions today operate across borders and legal systems, which has enabled risks and spillovers to spread rapidly, said Finance Minister II Datuk Seri Amir Hamzah Azizan. He said the growing integration of the region underscores the importance of closer collaboration within ASEAN.
According to BERNAMA News Agency, Amir Hamzah cited a recent paper by the ASEAN+3 Macroeconomic Research Office (AMRO), highlighting that systemic and contagion risks have risen due to a surge in intra-regional cross-border financial intermediation. Overall, he noted that the analysis showed that ASEAN+3 claims and liabilities have increased notably, with significant growth observed within the region itself.
Amir Hamzah made it clear that regional crisis-response capabilities must continue to advance through stronger collaboration, coordination, and communication. He shared these insights during his keynote address at the National Resolution Symposium 2025 (NRS), organised by Perbadanan Insurans Deposit Malaysia (PIDM).
He also mentioned that the MADANI Economic Framework provided the overarching vision rooted in the values of dignity, sustainability, and shared prosperity. The strategies within this framework are focused on three pillars: unlocking growth potential, improving the standard of living, and ensuring good governance.
The Finance Minister emphasized the financial sector’s role in realising this vision, from supporting small businesses to advancing digital innovation and Islamic finance. He stated that the government expects the industry to work collaboratively with PIDM and Bank Negara Malaysia to ensure Malaysia’s financial system remains a driver of progress.
Amir Hamzah concluded by affirming the government’s commitment to support PIDM’s mission, emphasizing the need for financial institutions to be resilient and prepared for any eventualities. He noted that today’s stability was built by the foresight of predecessors, and it is now the current generation’s responsibility to build upon that foundation.