Malaysia Banking & Financial Services Q1 2019
Malaysia has a well developed and sophisticated financial services industry, which has enjoyed years of rapid expansionsupported by a solid macroeconomic backdrop and explicit government efforts to expand and modernise the sector. The countryhas also become a hub for Islamic financial services, a dynamic sector that is likely to continue to develop as regulatory reformencourages new products and entrants into the market. The dominant presence of domestic banking groups across differentfinancial services sectors, combined with certain restrictions on foreign participants, will remain barriers to entry for internationalplayers. Both the insurance and banking sectors are expected to continue their growth, with the banking sector in particularsupported by investment in the digital banking segment.
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