Unauthorised transactions were prevented by central bank, no financial losses occurred; near breach prompts increased vigilance in the Philippines.
BNM to introduce code of conduct for senior FI personnel, regulatory standards to govern banks’ increased outsourcing of functions.
Securities Commission 2017 annual report reveals eligibility and application requirements for digital investment management; first robot-advisory license to be granted in 2018.
The BRIDGe working group will work to enhance operational efficiencies and service standards, promote innovation and reduce brokerage costs.
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.