Malaysia

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    Telekom Malaysia Suffers Data Breach, Over 250,000 Users Affected

    By Sanday Chongo Kabange | 04/01/2023

    The government has instructed Malaysia’s NC4 and JPDP to investigate the breach and take necessary action. Maybank has also launched its own investigation into the breach.

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    Fintech / Regtech

    BNM Finalises New Rules for Electronic Money Issuers

    By Editors | 03/01/2023

    E-money issuers with more than 500,000 active users are subject to stricter governance, business continuity management and technology risk management requirements.

    Securities / Derivatives

    Bursa Malaysia to Develop New Debt Fundraising Platform

    By Editors | 26/12/2022

    The platform will allow investment in small to mid-sized companies through investment notes with credit and ESG ratings.

    Fintech / Regtech

    BNM Finalises New Rules for Payment System Operators

    By Editors | 22/12/2022

    The policy document primarily sets out regulatory requirements covering governance and risk management, in alignment with the PFMI.

    Capital / Liquidity

    BNM Consults on Capital Requirements for CCP Exposures

    By Editors | 19/12/2022

    Proposed framework sets out requirements for managing risks arising from a financial institution’s exposures to CCPs in their capacity as a clearing member or a client of a clearing member.

    ESG / Sustainability

    Malaysia Publishes ‘Climate Data Catalogue’, Identifies Data Gaps

    By Editors | 19/12/2022

    Malaysia’s JC3 says the data catalogue “represents a call to action” for stakeholders to collectively improve the availability and accessibility of climate data.

    AML / KYC

    Malaysian Banks to Finish Implementing Anti-Scam Measures by June 2023

    By Editors | 16/12/2022

    More than 80 percent of banks have already implemented a 24/7 dedicated complaint hotline for customers to report incidents or suspicions of fraud.

    ESG / Sustainability

    Malaysia SC Issues Principles-based SRI Taxonomy

    By Editors | 13/12/2022

    The SRI Taxonomy provides universal guiding principles for the classification of economic activities that qualify for sustainable investment.

    ESG / Sustainability

    Bursa Malaysia Launches ESG Themed Index Futures Contract

    By Editors | 13/12/2022

    The new futures contract is based on the FTSE4Good Bursa Malaysia Index and available to global investors via CME Globex.

    ESG / Sustainability

    Bursa Malaysia Launches Shariah Compliant Carbon Exchange

    By Editors | 11/12/2022

    The first trades will be conducted via an auction in March 2023. Project developers, project proponents, and corporate buyers are invited to participate.

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