Silicon Valley Bank collapse has lessons for EPF
16 days ago
From Nehru Sathiamoorthy
The recent Silicon Valley Bank (SVB) collapse serves as a warning to those who argue that Employees Provident Fund (EPF) contributors should be allowed to withdraw their savings.
While it is difficult to imagine how EPF, our behemoth of a pension fund, with an asset size of RM998 billion, or almost a trillion ringgit, will ever run into trouble, let us not forget that the SVB of the US also had over US$200 billion dollars, or close to a trillion ringgit, in assets right before it spectacularly collapsed in a matter of a couple of days last week.
Read the full story
It's better on the Lumi News app
✅ It’s fast
✅ It’s easy to use
✅ It’s free
Why read with Lumi?
Staying informed is hard work. Use the Lumi News app to get the latest news from publishers you like, in a beautiful app. Save time and find delight in news-reading again.