BNM will take action against CIMB Group Holdings Bhd if there is any breach of regulatory requirements regarding the bank’s recent processing error incident.
Governor Tan Sri Nor Shamsiah Mohd Yunus said that the regulatory requirements include adhering to acceptable risk management standards.“We are looking at any specific circumstance,” she said at a virtual press conference after the release of the fourth quarter of 2021 gross domestic product (GDP) results today.
She said that BNM has required CIMB to ensure that efforts to recover the funds would not affect customers’ ability to access their accounts and allow reasonable options for customers to return excess funds.
