Change has substantial implications as many banking groups in Malaysia are headed by holding companies with bank operating subsidiaries.
Malaysia’s extension of Basel III capital adequacy requirements to financial holding companies will affect most major banking groups.
New research by Fenergo and Aite Group has found that institutional banks are struggling to manage regulatory compliance and entity data management obligations across multiple jurisdictions.
Bank Negara Malaysia (BNM) has released new policy requirements on compliance for financial institutions which will come into effect on January 1, 2017.
The securities laws amendments will to facilitate innovative fundraising structures, enhance investor protection, clarify responsibilities of issuers and advisers, and expand supervisory powers.
Thailand’s Securities and Exchange Commission is drafting rules to allow Thai asset management companies to offer hedge funds locally.
The Financial Action Task Force has issued a report praising Malaysia’s legal framework for anti-money laundering and counter-terrorist financing standards.
Malaysia’s Securities Commission has announced a new initiative aimed at driving interest towards the development of financial technology sector.
Regulators in Singapore, Malaysia, and Thailand have jointly issued a handbook to streamline the review framework for cross-border equity and debt securities offerings in ASEAN.
The Taiwan Stock Exchange is open to exploring setting up a stock-trading link with Malaysia if Bursa Malaysia is interested.