The SC plans to make it a requirement for the majority of board members and the rating committee to be independent.
The guidance is issued as part of an initiative to help listed companies adopt best practices in areas such as governance and sustainability.
BNM will take supervisory and enforcement actions against banks that fail to protect their customers from fraud risk.
The guidance sets out expectations on the governance processes, design principles, and operational controls FIs should consider when adopting cloud services.
In one case, approximately $821,000 flowed through one mule bank account controlled by scam operators within a period of six months.
Bursa Malaysia has signed an MOU with non-profit organisation Verra, which manages the world’s largest GHG crediting programme.
The MOU will enable the SC and FSA to strengthen collaboration in areas such as risk monitoring and promote capital market stability.
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.
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