BNM via the Malaysia Deposit Insurance Corporation (PIDM) has extended a full guarantee for all ringgit and foreign currency deposits with commercial, Islamic and investment banks, as well as deposit taking development financial institutions with immediate effect. The guarantee, which will be effective until December 2010, is extended to all domestic and locally-incorporated foreign banking institutions, the central bank said in a statement late yesterday. In addition, access to BNM’s liquidity facility will also be extended to insurance companies and takaful operators regulated and supervised by the central bank, it added. (Bernama)