Bank Negara Malaysia

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.

Structural Regulation

BNM Finalises Licensing Framework for Digital Insurers

By Editors | 09/07/2024

BNM will no longer limit the number of licences to five. Applications will be accepted throughout 2025 and 2026.

Payments & Settlements

Project Nexus Completes Blueprint; Prepares for Live Implementation

By Nithya Subramanian | 02/07/2024

To facilitate live implementation, a new entity named the Nexus Scheme Organisation, will be established.

Fraud, Scams & Cybercrime

BNM Calls for Prompt Refunds for Depositors Affected by Fraud

By Nithya Subramanian | 24/06/2024

The central bank said recent reports of large-scale unauthorised cash withdrawals arose from collusion between bank employees and external parties.