Bank Negara Malaysia

Sustainable Finance

Malaysia, UK Eye Collaboration on Islamic Finance, Green Initiatives

By Nithya Subramanian | 11/09/2024

Participants at a recent forum called for Malaysian collaboration to enhance Islamic finance services in the UK.

Operational Risk

BNM Fines Bank of China’s Malaysia Unit for Outsourcing Violations

By Nithya Subramanian | 26/08/2024

BNM said the bank did not obtain prior approval before relocating core banking systems to new data centres.

Fraud, Scams & Cybercrime

BNM Launches Integrated Platform to Help FIs Combat Fraud

By Jaya Prakash Balakrishnan | 22/08/2024

The platform allows automated fund tracing and recovery, information sharing and collaboration, and data-driven mule assessments.

Payments & Settlements

BNM Expands Qualified Resident Investor Programme

By Ranamita Chakraborty | 20/08/2024

The QRI programme was initially launched as a pilot initiative in April to encourage FX inflows into the domestic market.

Operational Risk

BNM Penalises Maybank, CIMB for Multiple Service Disruptions

By Jaya Prakash Balakrishnan | 15/08/2024

BNM said that CIMB and Maybank’s inability to promptly recover from system disruptions severely impacted customers and counterparties.

Anti-Money Laundering

Amendments to MSB Law Take Effect in Malaysia

By Nithya Subramanian | 02/08/2024

The amendments strengthen BNM’s ability to take enforcement action against unauthorised money services business activities.

ESG Data

Malaysia JC3 to Pursue Additional Climate-related Data Initiatives

By Ranamita Chakraborty | 01/08/2024

The Joint Committee on Climate Change will help develop national emissions factors for key industrial sectors and simplify climate-related reporting for businesses.

AI Risk & Governance

Malaysia Launches First Skills Framework for Financial Sector

By Jaya Prakash Balakrishnan | 25/07/2024

The framework identifies job roles and skills in high demand as well as career development pathways and capacity building programmes.

Nature & Biodiversity

Central Banks, Regulators Told to Tackle Deforestation

By ESG Investor | 19/07/2024

The World Wide Fund for Nature calls on central banks and regulators to take steps to limit capital flow to deforestation activities.