Malaysia

Securities / Derivatives

BNM Extends Range of Securities Eligible for Repo

By Editors | 21/08/2019

BNM’s draft policy document proposes to extend the maximum tenor of a repo to five years from 365 days previously, and to expand the securities that are eligible for repo.

Market Infrastructure

Malaysia Liberalises FX Hedging Framework

By Editors | 19/08/2019

The policy move is aimed at providing greater flexibility and efficiency in foreign exchange risk management and business operations.

Securities / Derivatives

Bursa Malaysia Revamps Rules for Derivatives Market Participants

By Editors | 15/08/2019

The updated rules allow non-face-to-face onboarding, remove voice logging for client orders, and introduce higher governance standards, among others.

AML / KYC

Malaysia to Introduce e-KYC for Money Services Businesses

By Editors | 13/08/2019

BNM has set out the requirements money changers must observe in non-face-to-face customer onboarding, to ensure effective and robust AML/CFT controls.

AML / KYC

Malaysia Files Criminal Charges Against 17 Goldman Directors

By Editors | 12/08/2019

The current and former directors each face 1MDB-related charges carrying a maximum 10-year jail term and a minimum penalty of 1 million ringgit.

AML / KYC

Malaysian Authorities Bust Illegal Money Services Network

By Editors | 05/08/2019

In raids were jointly conducted by central bank, police and immigration officers, authorities seized almost $1mn, along with documents, computers and mobile phones.

Capital / Liquidity

Malaysia to Implement NSFR from July 2020

By Editors | 01/08/2019

From 1 July 2020, banks will be required to maintain a minimum NSFR of 100% at all times and to submit NSFR reports to BNM on a quarterly basis.

AML / KYC

US Authorities Probe Deutsche Bank Dealings With 1MDB

By Editors | 13/07/2019

The DOJ probe is looking into whether Deutsche Bank failed to comply with US AML or foreign bribery laws in the course of raising $1.2bn for 1MDB in 2014.

Fintech / Regtech

Malaysia to Finalise Regulatory Framework for ICOs by Year-End

By Editors | 06/07/2019

A framework for ICOs, originally expected by the end of Q1, is now under review by relevant stakeholders, according to deputy finance minister Datuk Amiruddin Hamzah.