The stories shaping Malaysia, in focus.
Malaysia's government faced potential liabilities of RM74.5 billion if a severe bank run had occurred at Tabung Haji in 2018, according to a senior minister, highlighting the Islamic pilgrimage fund's precarious financial condition.
India is rolling out a unified customer identification system in August that will allow people to access financial products from banks and insurers without submitting separate documents. Mutual funds and brokerages are expected to join later in the year.
The Dutch central bank has fined ABN AMRO Bank N.V. €8.5 million for serious deficiencies in its anti-money laundering framework, citing failures in customer due diligence and ongoing monitoring of high-risk clients over a 12-month period.