Malaysia

Enforcement

US Judge Orders Goldman, Former Execs to Face 1MDB Lawsuit

By Ranamita Chakraborty | 01/07/2021

A US district court judge said it “strains credulity” for Goldman Sachs to contend it had no indication that funds were being siphoned from 1MDB.

Fintech / Regtech

Malaysia, Thailand Establish Cross-border QR Payment Link

By Manesh Samtani | 21/06/2021

The first phase of the project, now complete, allows Thai users to make QR code payments to merchants in Malaysia, including for online e-commerce transactions.

Securities / Derivatives

Bursa Malaysia Offers Additional Relief to Listed Issuers

By Ranamita Chakraborty | 18/06/2021

Relief is provided to listed issuers with unsatisfactory financial conditions or an inadequate level of operations between 1 July 2021 and 31 December 2021.

Fintech / Regtech

BNM Sets Out New Draft Policy for E-Money Issuers

By Manesh Samtani | 14/06/2021

The exposure draft proposes to impose additional requirements including on capital for e-money issuers that have “substantial market presence”.

Fintech / Regtech

Five Parties Identified as Seeking Malaysia Digital Bank Licence

By Ranamita Chakraborty | 04/06/2021

A consortium involving Pertama Digital, Crowdo and INFOPRO is applying for a licence. Axiata Group and RHB Bank are jointly applying for another.

Crypto / Digital Assets

Bursa Malaysia Concludes Blockchain Bond POC with STACS

By Sanday Chongo Kabange | 03/06/2021

The collaborative efforts from the PoC have established a new ‘Bond in a Box’ operating model that shows commercial potentials, the project report says.

Capital Markets Workforce Capped as Malaysia Enters Lockdown

By Editors | 31/05/2021

The banking, insurance, takaful and capital markets sectors will operate at 60 percent capacity during a 2-week lockdown starting 1 June.

Fintech / Regtech

Malaysia Launches Islamic Fintech Accelerator Programme

By Editors | 26/05/2021

The FIKRA Islamic Fintech Accelerator Programme seeks to promote an Islamic fintech innovation ecosystem in Malaysia’s capital market.

Securities / Derivatives

Bursa Malaysia Grants Extension for Issuing Financial Statements

By Editors | 25/05/2021

The announcement comes at a time when Malaysia is under a four-week nationwide lockdown until 7 June.