Bank Negara Malaysia said no funds were lost in the incident, which it identified on Tuesday and involved falsified wire-transfer requests over the SWIFT bank messaging network.
Qatar’s banking system needs no further support from the central bank and sovereign wealth fund as the decline in non-resident liabilities of lenders have subsided, according to the International Monetary Fund (IMF).
Yubaraj Khatiwada, who had served as governor of the central bank, Nepal Rastra Bank, is a monetary policy expert and an alumnus of the Delhi School of Economics in neighbouring India.
Sri Lankan police said on Sunday they had arrested two officials from primary dealer Perpetual Treasuries Ltd, which was named in a report as being involved in an alleged government bond scam in 2015.
The Qatar Central Bank (QCB) has adequate reserves to defend the Qatari riyal as its international reserves are twice the monetary base; indicating its ability to inject dollar liquidity.
The central bank governor was speaking during the final day of Euromoney 2017 and discussed some of the data related to the banking and financial sector in the State of Qatar.
International reserves and foreign currency liquidity stood at $45.8bn in May, before the diplomatic crisis erupted.
Residents with expired Qatar IDs can continue to transact business with financial institutions in Qatar for 90 days after the expiry date of their residence permits, according to a new policy issued recently by Qatar Central Bank.
Qatar, blockaded by three of its Gulf neighbours since June, is capable of supporting its banks with assets in the country’s vast sovereign wealth fund and foreign currency reserves, the central bank governor said.