Reference no: EM132974184

A moratorium is a temporary suspension of an activity or law until future consideration warrants lifting the suspension, such as if and when the issues that led to moratorium have been resolved. A moratorium may be imposed by a government, by regulators, or by a business. Moratoriums are often imposed in response to temporary financial hardships. For example, a business that has exceeded its budget might place a moratorium on new hiring until the start of its next fiscal year. In legal proceedings, a moratorium can be imposed on an activity such as a debt collection process during bankruptcy proceedings. During pandemic Covid 19, government of Malaysia enforce the banks to implementing the moratorium to the public to help them survive during pandemic.

Problem 1: Discuss the impacts of moratorium on bank and how they maintain their survival in future.