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Payments & Settlements
BNM Proposes New Rules For Payment System Operators
By Mark Johnston | 17/12/2021
BNM proposes governance, risk management and operational requirements to ensure safety, efficiency, reliability and confidence in payment systems.
Climate Risk
Malaysia to Introduce Mandatory TCFD-aligned Disclosures for FIs
By Editors | 13/12/2021
Guidance on climate risk management, scenario analysis and disclosures will be issued for consultation. Specialised training will be introduced in 2022.
Operational Risk
BIS Paper Says Suptech Tools Could Diminish Supervisory Judgment
By Manesh Samtani | 12/12/2021
The increasing use of suptech tools may diminish supervisory judgment, which could lead to “supervisory blind spots” and a “broader loss of institutional knowledge”.
Anti-Money Laundering
BNM Unveils Initial Findings of Malaysia National Risk Assessment
By Mark Johnston | 05/12/2021
BNM is using technology to improve its risk-based supervision, intelligence analysis, data science techniques and off-site surveillance.
Anti-Money Laundering
Singapore Repatriates Another $16.3m of 1MDB Funds to Malaysia
By Editors | 21/11/2021
Total 1MDB assets amounting to $4.9bn have now been returned. Asset recovery is still being pursued in the US, UAE, Taiwan, Singapore, and Hong Kong, among other countries.
Credit Risk
Malaysia to Enact New Consumer Credit Act in 2022 – Reports
By Sanday Chongo Kabange | 17/11/2021
The Consumer Credit Act will provide a regulatory framework for the issuance of consumer credit and strengthen oversight of non-bank credit providers.
Payments & Settlements
Asia’s Payments Landscape Shines at Singapore Fintech Festival
By Mark Johnston | 16/11/2021
The Asian fintech scene witnessed a raft of new announcements at this year’s Singapore Fintech Festival held from 8-12 November 2021.
Payments & Settlements
BSP Pursues Cross Border Payment Links with Malaysia, Thailand
By Editors | 16/11/2021
The BSP has been in dialogue with ASEAN central banks including MAS, BNM and BOT to make cross-border payment flows cheaper and more seamless.
Reporting & Disclosures
SRI Taxonomy a ‘Critical Building Block’ for Malaysia Capital Market
By Manesh Samtani | 15/11/2021
Malaysia’s Securities Commission is on track to publish a draft SRI taxonomy for consultation by the end of the year.
Conduct, Culture & Accountability
BNM Raises Expectations of Good Conduct in Wholesale Markets
By Manesh Samtani | 14/11/2021
The board and management must ensure good conduct culture is embedded and governance structures “inculcate fair and ethical decision making”.
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