Malaysia: Financial Liberalization in the Banking Industry
Loke, Lee Lian (2011) Malaysia: Financial Liberalization in the Banking Industry. [Dissertation (University of Nottingham only)] (Unpublished)
In this globalised era, financial liberalization is indeed crucial to support the functioning of the worldwide economies. As a developing country which is striving to achieve the developed nation status by year 2020, Malaysia too has liberalized the financial industry, particularly the banking sector. However, the liberalization strategy was more conservative and gradual, focusing primarily on building strong fundamentals in the industry before further liberalizing the sector. The Governor of Bank Negara Malaysia has stressed that financial liberalization must result in a win-win situation for the domestic banking sector and the foreign players.
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