The families' spokesman, R Manivannan, with the proposal that was submitted to Bank Negara Malaysia.KUALA LUMPUR: A group representing the next of kin of 54 Malaysians missing in the Nepal floods has submitted a proposal to Bank Negara Malaysia for a structured financial protection framework to safeguard the families.
The group's spokesman, R Manivannan, said the proposal details solutions for liability defence, asset protection, and business continuity.
A separate 20-page document was presented to banking, finance, and takaful association representatives.
Following a meeting with BNM officials, Manivannan said the financial institutions have agreed in principle to halt debt collection efforts while formal guidelines are finalised.
