Bank Negara Malaysia

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    Reporting & Disclosures

    Malaysia Consults on Local Implementation of ISSB Standards

    By Editors | 18/02/2024

    IFRS S1 and IFRS S2 would be mandatory for Main Market issuers, and potentially ACE Market issuers and large non-listed companies.

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    Cybersecurity

    BNM, CyberSecurity Malaysia to Tackle Cyber Risks in Financial System

    By Ranamita Chakraborty | 29/01/2024

    BNM partners CyberSecurity Malaysia for seamless information sharing, best practices exchange, and technical support to address emerging cyber risks.

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    Payments & Settlements

    Malaysia Issues Exposure Draft on Currency Processing Business

    By Mark Johnston | 18/01/2024

    The exposure draft covers key areas such as governance, operational requirements, risk management and IT requirements for currency processors.

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    Structural Regulation

    Two New Digital Banks Approved for Launch in Malaysia

    By Manesh Samtani | 10/01/2024

    Boost Bank and AEON Bank received regulatory approval to begin digital banking operations. They were two of five applicants granted licences in 2022.

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    Reporting & Disclosures

    Malaysia Set to Consult on Local Use of ISSB Standards 

    By Editors | 09/01/2024

    A six-week public consultation will be launched next month to solicit views and feedback on implementing the ISSB standards.

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    Conduct, Culture & Accountability

    BNM Finalises Responsibility Mapping Framework for FIs

    By Editors | 30/12/2023

    A two-year transitional period, instead of one year as initially proposed, is provided before the responsibility mapping framework comes into effect.

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    Operational Risk

    BNM Finalises Capital Rules for Operational Risk, CCP Exposures

    By Sanday Chongo Kabange | 18/12/2023

    BNM consulted on the new requirements late last year. The new requirements will take effect on 1 January 2025.

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    Credit Risk

    BNM Sets Regulatory Requirements for BNPL Products

    By Manesh Samtani | 17/12/2023

    The policy prohibits “pre-approved” BNPL credit, requires affordability assessments to be performed, and limits the fees that can be charged.

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    Fraud, Scams & Cybercrime

    Malaysia SC to Launch New Anti-Scam Search Portal by Year-End

    By Editors | 20/11/2023

    By mid 2024, BNM and PayNet will also have finished building the new National Fraud Portal, a “smart system” for tracing fund movements and identifying money mules.

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    Payments & Settlements

    BIS Innovation Hub Unveils First Use Case for Project Mandala

    By Editors | 20/11/2023

    Project Mandala seeks to address disparate policy and regulatory frameworks across jurisdictions that hinder cross-border payments.

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