As Asia braces itself for a turbulent year driven by an economic slowdown in China and a slump in commodity prices, Malaysia has an additional headache to worry about: its international reputation.
Since last year, a state-owned investment fund, the 1Malaysia Development Berhad (1MDB), has been embroiled in one of Malaysia's worst political scandals that has left international investors wary. Malaysian authorities, including the central bank, have launched investigations, as have international bodies such as the FBI in the United States, into allegations of misappropriation of funds by 1MDB.
"Everyone wants a conclusion [to the investigations] so that can just move [on]," Zeti Akhtar Aziz, governor of Bank Negara Malaysia, told CNBC, adding there are other important economic issues the country is confronted with.
Speaking exclusively to CNBC Asia's Bernard Lo at the Asian Financial Forum in Hong Kong, Governor Zeti said the bank has completed its investigations. Enforcement actions are being finalized and "will be made known" to the public.