BNM to introduce code of conduct for senior FI personnel, regulatory standards to govern banks’ increased outsourcing of functions.
New mechanism provides guidelines for SBV directors to take action as a credit institution profile weakens to contain risk.
Current and former regulators have voiced concern over the the accumulation of bad loans in the banking sector; value of bad loans has trebled in the past six years.
Securities Commission 2017 annual report reveals eligibility and application requirements for digital investment management; first robot-advisory license to be granted in 2018.
Central bank plans adoption of blockchain for interbank settlements, bond issuance; leading banks launch joint initiative on blockchain based letters of credit.
System, which is awaiting approval from financial service authority, will require either fingerprint or retina scanning.
The BRIDGe working group will work to enhance operational efficiencies and service standards, promote innovation and reduce brokerage costs.
The central bank’s Financial Stability Committee says Malaysian banks have a “strong capacity” to withstand financial shocks comparable to past crises.
New capital requirements will be imposed on stock brokers, merchant banks, asset managers and institutional portfolio managers.
A moveable asset finance law would enable banks to accept collateral other than real estate such as stock, equipment and receivables.