The central bank’s Financial Stability Committee says Malaysian banks have a “strong capacity” to withstand financial shocks comparable to past crises.
Financial institutions will be required to forward references, hiring companies must check Financial Markets Association records.
MoU aimed at promoting market development initiatives in Asia Pacific region, including for derivatives, secondary listings and ETFs.
Other market boosting measures include a stamp duty waiver for stocks, as well as new ETF, ASEAN-centric and derivatives product launches.
Cryptocurrency exchanges are required to fully identify all customers and monitor for money laundering and terrorist financing activities.
ASEAN CIS framework revised to open greater fund participation between Malaysia, Singapore and Thailand.
BNM proposals resemble Hong Kong’s MiC regime in setting out key responsibilities and requiring appointment and naming of responsible individuals.
Bank Negara Malaysia wants to build a “competent” talent pool to enforce confidence and integrity in the financial system.
4th AMLD to prove a headache for Asian institutions which already share clients and data with EU-based subsidiaries, potentially influencing Asia-based parent institutions themselves.
Indonesian parliamentary commission appear unsure about Indonesian Banks’ ability to compete with foreign banks.