KUALA LUMPUR: Bank Negara Malaysia and financial institutions are ready to provide relief and support to families of Malaysians missing after the Nepal-China floods, subject to applicable laws and regulatory requirements.
"Bank Negara and the financial industry representatives reiterated readiness to extend appropriate relief and support to the families of the victims affected by this tragedy, in accordance with applicable laws and regulatory requirements," Bank Negara said in a statement.
The meeting involved 44 next of kin and representatives from financial industry associations and financial service providers.
It aimed to better understand the issues and challenges families faced in handling the victims' financial affairs and work towards appropriate and reasonable solutions.
Bank Negara also expressed its deepest sympathies to the families affected by the tragedy.
The meeting agreed that financial service providers would assign dedicated contact persons to reach out to the respective families and help them navigate the required administrative processes.
The financial industry representatives included the Association of Banks in Malaysia, the Association of Islamic Banking and Financial Institutions Malaysia, Persatuan Insurans Am Malaysia, the Life Insurance Association of Malaysia and the Malaysian Takaful Association.
© New Straits Times Press (M) Bhd