Bank Negara, financial industry ready to support Nepal victims' families

KUALA LUMPUR: Malaysia's Bank Negara and financial institutions have pledged to provide assistance to families of Malaysians missing following the recent Nepal-China floods, pending compliance with relevant laws and regulatory guidelines. Bank Negara and representatives from the financial sector reaffirmed their commitment to extend suitable relief and support to the families impacted by this devastating event, in line with applicable laws and regulatory obligations.

A statement from Bank Negara revealed that the discussion included 44 next of kin and stakeholders from financial industry associations and service providers, with the primary objective of comprehending the challenges faced by families in managing the victims' financial matters and striving towards suitable and reasonable resolutions.

Bank Negara expressed its deepest condolences to the families affected by the catastrophe. The meeting concluded that financial service providers would designate dedicated contact persons to communicate with the respective families and guide them through the necessary administrative procedures. The financial participants featured the Association of Banks in Malaysia, the Association of Islamic Banking and Financial Institutions Malaysia, the Insurance Brokers Association of Malaysia, the Life Insurance Association of Malaysia, and the Malaysian Takaful Association.