The blueprint contains plans to advance financial sector digitalisation, develop an open data ecosystem, and improve efficiency in cross-border payments.
The Business Recapitalisation Facility will support recovery and growth, while the Low Carbon Transition Facility will support the adoption of sustainable practices.
The 1MDB funds recovered so far are only enough to pay off the principal owed for 2022. The remaining debt will continue to be bourne by the government.
The rule amendments limit board tenure to 12 years, require the appointment of at least one woman director, and enhance transparency on board appointments.
The transaction is estimated to reduce UOB's CET1 ratio by 70 basis points to 12.8 percent, which is considered not material and "well within regulatory requirements".
The changes will address distortions and frictions in the payment card market and foster greater usage and acceptance of payment cards, BNM says.
Four executives of oil and gas engineering company Serba Dinamik have been charged for submitting a false statement to Bursa Malaysia.
Digital insurers and takaful operators should have a minimum paid-up capital of MYR 40 million during the foundational phase.
Market conduct risk assessments should be done at least annually, to serve as a systematic method for assessing susceptibility to misconduct and documenting mitigating actions or controls.
The stamp duty on share contract notes has been raised from 0.1 percent to 0.15 percent, subject to a MYR 1,000 cap.
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