INTRODUCTIONThe term financial crisis means that the situation occurs when certain financial assets lose and collapse a large part of their nominal value. This would impact financial institutions when investors subscribe or withdraw all their assets in banks. Indeed, investors expect the value of assets to fall if they save in this institution. Furthermore, financial crisis can also be defined when the assets of a financial institution are overvalued. Asset values ​​would fall rapidly if the price fell and would have detrimental consequences for our economy. The economy has suffered the effects of offering lower prices of goods and the business cannot operate well because it is not profitable. There are a few types of financial crisis which include banking crisis, speculative bubbles and collapse and international financial crisis. All crises have their own factors that make financial crisis happen. Firstly, the banking crisis occurs due to the larger withdrawal of money. As we know, the bank invested using the money that people invested. Banks can make more profits by investing this capital. Logically, if everyone wants to withdraw all the money at once, the bank will become insolvent. Second, speculative bubbles will collapse. The factor behind this crisis is that buyers are purchasing the assets with the aim of reselling them at a higher price in the future. Things are riskier in the effects of asset prices on market participants who focus on those assets for resale. This makes it difficult to predict whether the price of an asset is truly equal to the fundamental value. This makes it difficult to detect bubbles reliably. Finally, in the middle of the document, there are 1.9 million registered migrant workers and 600,000 unregistered. So, to solve this problem, Malaysia can still hire these workers for the services and require certain skills, but it must ensure that they are treated fairly and it is mandatory to resort to legal channels to obtain permits. On the other hand, we must build good governance and an ethical regulatory framework. Clearly, some companies do not comply with the rules of the Malaysia Stock Exchange listing requirement and the Malaysian Business Government Code. We can see that some companies still have cases of corruption in the financial system and then manipulated the records so that the corruption is clearly visible to others. This attitude can also lead to economic recession if people continue to use dirty ways. The government should therefore be concerned and take measures to maintain social cohesion and reduce corruption.CONCLUSION