Bank Negara Malaysia

Structural Regulation

BNM Sets Deadline for Foreign Insurers to Reduce Stakes in Local Firms

By Editors | 21/07/2022

Most foreign insurers in Malaysia have not complied with a 70 percent limit set in 2009 on their ownership in local firms.

Climate Risk

BNM Calls on FIs to Start Preparing for 2024 Climate Stress Tests

By Editors | 03/07/2022

BNM has proposed a framework for the 2024 CRST exercise to assess the resilience of Malaysian FIs to physical and transition risks arising from various climate scenarios.

Conduct, Culture & Accountability

BNM Issues New Rules for Banks Selling Insurance & Takaful Products

By Editors | 02/07/2022

The board and senior management shall be held “jointly accountable” for bancassurance/bancatakaful products that result in “poor consumer outcomes”.

Climate Risk

Malaysia Regulators Publish TCFD Adoption Guide for FIs

By Editors | 30/06/2022

All local and foreign FIs are expected to adopt the basic recommendations set out in the application guide within a recommended timeframe of 24 months.

Liquidity Risk

BIS Launches Yuan Liquidity Facility for Central Banks

By Editors | 28/06/2022

Central banks from China, Hong Kong, Singapore, Malaysia, Indonesia and Chile are creating a reserve pool to guard against market stresses.

CBDCs

BIS Innovation Hub Outlines Lessons from CBDC Experiments

By Manesh Samtani | 23/06/2022

The report covers four experiments, Project Inthanon-LionRock, Project Jura, Project Dunbar, and Project mBridge.

Fraud, Scams & Cybercrime

BNM Directs Banks to Enhance Fraud Risk Controls

By Editors | 12/06/2022

BNM will take supervisory and enforcement actions against banks that fail to protect their customers from fraud risk.

Cloud & Infrastructure

BNM Issues Draft Guidance on Managing Cloud Risks

By Sanday Chongo Kabange | 05/06/2022

The guidance sets out expectations on the governance processes, design principles, and operational controls FIs should consider when adopting cloud services.

Conduct, Culture & Accountability

BNM Proposes Rules for Hiring Insurance, Takaful Agents

By Editors | 30/04/2022

Insurers and takaful operators must undertake a due diligence process that includes reference checks with all of an agent’s current and former employers.