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Operational Risk
BNM Consults on Rules for Calculating Operational Risk Capital
By Editors | 06/12/2022
The rules are expected to come into effect on 1 January 2025. BNM has asked whether the proposed implementation date is feasible.
Climate Risk
BNM Finalises New Requirements on Climate Risk Management
By Sanday Chongo Kabange | 05/12/2022
Governance, strategy, risk appetite and risk management requirements take effect on 31 Dec 2023; and scenario analysis and disclosure requirements one year later.
Emerging Prudential Risks
BNM Consults on Licensing Framework for Digital Insurers
By Mark Johnston | 30/11/2022
Digital insurers and takaful operators will initially be subject to a lower minimum paid-up capital requirement during a 3-5 year foundational period.
Payments & Settlements
Five ASEAN Central Banks Sign MoU on Payments Connectivity
By Sanday Chongo Kabange | 15/11/2022
The MoU is the first that brings together multiple ASEAN central banks under a single multilateral agreement to enhance cross-border payments.
Sustainable Finance
BNM Launches “Greening Value Chain” Programme for SMEs
By Editors | 10/11/2022
The programme will provide Malaysian SMEs with technical advice, training, on-site diagnosis and transition financing.
Fraud, Scams & Cybercrime
Malaysian Banks Launch National Scam Awareness Campaign
By Editors | 02/11/2022
BNM said banks are giving their “full commitment” and making progress in implementing stronger controls and safeguards against financial scams.
Fraud, Scams & Cybercrime
Malaysia’s Scam Response Centre Publishes Guidance
By Editors | 20/10/2022
The National Scam Response Centre’s establishment was announced in Malaysia’s 2023 Budget earlier this month.
Cybersecurity
BNM Calls for Heightened Vigilance Over Payment Card Activity
By Editors | 10/10/2022
Payment gateway service provider iPay88 experienced a breach earlier this year affecting card data from online transactions.
Fraud, Scams & Cybercrime
Malaysia Budget 2023 to Tackle Scams, Promote Capital Market
By Editors | 09/10/2022
Budget 2023 includes measures to strengthen the capital market, protect against scams and cyber threats, and drive the ESG and climate change agenda.
Structural Regulation
Malaysia Establishes New Council to Drive Islamic Finance
By Editors | 07/10/2022
BNM and the SC said the newly established MIFC Leadership Council will cement Malaysia’s proposition as a leading hub for Islamic finance.
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