Next year, we may see a mega bank merger of regional and potentially global scale.
The proposed merger between CIMB Group Holdings Bhd, RHB Capital Bhd and Malaysian Building Society Bhd – which has yet to be approved by regulatory authorities and shareholders – will create the biggest bank in Malaysia with assets of close to US$200bil by the middle of next year. It will also create a major player in the Asean region, joining the ranks of the dominant Singaporean banks. In addition, it will create a “mega Islamic banking entity” which could allow Islamic banking to expand in leaps and bounds.
But how will Bank Negara react to this deal, from a regulatory point of view?
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