MAS executive director says ICOs could be an example for securities markets; Malaysia to consider secondary market for digital assets.
Regulators will develop framework for supervising fund managers, share information and staff amid increasing capital market ties.
Individuals banned for six years after conviction for 1MDB-related bribe; former representative of BSI Bank faces lifetime ban.
MMFs will face more enforceable requirements than other portfolios, including rules on average maturity, 1-day/5-day redemption.
Decision to work together on distributed ledger, other fintech initiatives belie reputed rivalry between two financial centres.
Proposed market practice rules would end requirement that senior managers pre-approve staff to trade so long as customer information is protected.
Trial has already been completed on interbank transfers; blockchain programme will be extended to include securities sector as well as payments.
Authorities suggest bank may have conducted $1.4bn of transfers to Singapore to avoid being caught under Common Reporting Standard.
Forensic accountancy qualification will be open to financial crime compliance and investigations professionals; ACRA to consider monitoring audit firms.
Banks allowed to provide broader range of services including online sale of consumer goods; MAS cites 'increasing competition from non-bank players'.
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