Bank Negara Malaysia

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    Payments & Settlements

    Thailand Considers Using Local Currency Settlement for China Trade

    By Sanday Chongo Kabange | 18/05/2023

    Bank of Thailand has been studying the barriers to yuan-baht payments and plans to reduce these barriers this year.

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    Reporting & Disclosures

    Malaysia to Update TCFD Adoption Guide for FIs

    By Editors | 17/05/2023

    The guide will be updated to take into account the new general sustainability-related (S1) and climate-related (S2) disclosure standards from the ISSB.

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    Payments & Settlements

    Indonesia, Malaysia Expand Cross-Border QR Payment Link

    By Editors | 08/05/2023

    The linkage will provide “faster, cheaper, more transparent and more inclusive cross-border payments”, said Bank Indonesia governor Perry Warjiyo.

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    Payments & Settlements

    Indonesia, Korea to Use Local Currency in Bilateral Transactions

    By Editors | 02/05/2023

    BI and BOK will enable direct exchange rate quotations between the Korean won and the Indonesian rupiah in interbank trading.

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    Anti-Money Laundering

    BNM, FICG to Co-host AML/CFT Hackathon in June

    By Editors | 21/04/2023

    The hackathon will be hosted with regional FIU body FICG to “search for creative solutions to curb financial crimes, particularly scams”.

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    Reporting & Disclosures

    BNM, SC to Engage Energy Sector on ASEAN Taxonomy Readiness

    By Editors | 10/04/2023

    Consultations with the energy sector will be used to finalise Version 2 of the ASEAN Taxonomy, which is set to take effect in early 2024.

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    Cloud & Infrastructure

    BNM Proposes to Introduce ‘Green Lane’ for FinTech Sandbox

    By Editors | 06/04/2023

    The ‘Innovation Green Lane’ will offer a more risk-proportionate and accelerated pathway for innovative solutions by financial institutions with strong risk management capabilities.

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    Cloud & Infrastructure

    APAC Regulators Form New Forum to Address Cloud Risk

    By Sanday Chongo Kabange | 06/04/2023

    MAS assistant managing director Vincent Loy said the twice-a-year forum will help APAC regulators and CSPs ensure greater resilience of cloud adoption in the financial sector.

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    Structural Regulation

    Malaysia Issues 2nd Consultation on New Consumer Credit Act

    By Editors | 06/04/2023

    The new consultation paper covers licensing, financial, governance and conduct requirements for unregulated credit services including BNPL providers.

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    Payments & Settlements

    Singapore, Malaysia Launch Cross-border QR Payments Link

    By Editors | 31/03/2023

    The payment linkage will allow customers of participating financial institutions to make retail payments by scanning NETS QR and DuitNow QR codes.

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