Bfm :: Ringgit And Sense

Do you know what happens to all the money in your bank if a bank fails? Can you get it back? Or is it gone for good? Well luckily in Malaysia, banks are members of an institution called PIDM which protects bank depositors and owners insurance policies in the event of a member institution failure. Rafiz Azuan Abdullah, the CEO of PIDM talks about their role and what could cause a bank to fail.