Cagamas was set up in the mid-1980s to provide liquidity in the mortgage market. How has its operating model evolved?
When we were established in 1986, we followed a model to provide liquidity and funding to the banking sector. That's because in 1986-1987, there was a credit and liquidity crunch in the Malaysian banking sector and Malaysian banks could not extend as many long-term mortgages as they wanted. They needed a secondary mortgage market where they could sell on the mortgage loans to fun