CIMB becomes the fourth bank overall, and first home-grown bank, to collaborate with Bursa Malaysia on its #financing4ESG initiative.
Insurers and takaful operators must undertake a due diligence process that includes reference checks with all of an agent's current and former employers.
The licence winners include Axiata's Boost Holdings, RHB Bank, Grab-Singtel's GXS Bank, Kuok Brothers, Sea Limited, YTL Digital Capital, AEON, MoneyLion, and KAF Investment Bank.
Advisers will have to provide customers with suitable product options from at least three different providers for each class of insurance or takaful business being recommended.
A new report was released assessing current sustainability practices at FIs. Work has commenced to develop a climate disclosure guide for businesses.
Among other things, the PGG recommends that female directors comprise a minimum 30 percent of a GLIC's board.
Following an eight-week trial, former Goldman Sachs managing director Roger Ng was convicted on charges of bribery and money laundering. He faces up to 30 years in prison.
The EPF is Malaysia's largest institutional investor and pension fund. The policy will guide it in integrating ESG considerations in its investment processes.
All Malaysian FIs will be expected to adopt basic recommendations set out in the application guide and encouraged to adopt more sophisticated 'stretch' recommendations.
The establishment of a single carbon trading market for Malaysia will help to avoid fragmentation across the country.
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