Malaysia’s Jaganathan highlights importance of supervision on insurance firms

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Donald Jaganathan, an assistant governor at Bank Negara Malaysia on Monday said financial institutions and supervisors should put in place adequate safeguards for insurance firms.

At the seminar on crisis preparedness for insurance supervisors in Toronto, Canada, Jaganathan said: "Crisis preparedness is central to the role and function of insurance supervisors who are responsible to ensure continued safety and soundness of the insurance companies, the protection of consumers, the orderly growth

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