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Payments & Settlements
Malaysia, Thailand Launch Phase 2 of QR Payments Linkage
By Editors | 02/01/2022
Cross-border instant QR payments are now available for travellers between Malaysia and Thailand, including for online e-commerce transactions.
Climate Risk
BNM Drafts New Rules on Climate Risk Management, Scenario Analysis
By Manesh Samtani | 28/12/2021
A gap analysis and implementation plans must be submitted to BNM within six months from the issuance of the final policy document, expected on 1 June 2022.
Sustainable Finance
Malaysia SC Seeks Feedback on Principles-based SRI Taxonomy
By Editors | 20/12/2021
The Sustainable and Responsible Investment taxonomy features environment, social and sustainability components, as well as guiding principles on transition finance.
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.
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