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Payments & Settlements
Malaysia Joins PoC Project to Test Cross-border Payment Links
By Editors | 11/11/2021
BNM and PayNet are joining Project Nexus, which was first announced in July by BIS Innovation Hub and MAS to explore new cross-border payment linkages.
Sustainable Finance
BSP Directs Banks to Integrate Environmental, Social Risks
By Editors | 31/10/2021
Banks have to integrate environmental and social risk in their risk management frameworks and when defining their credit strategy.
Payments & Settlements
Malaysia, Thailand Expand Local Currency Settlement Framework
By Editors | 31/10/2021
Malaysian and Thai businesses and individuals can use local currencies to make cross-border payments for trade, investment, income and transfer.
Credit Risk
Malaysia Announces Relief for Low Income Borrowers
By Editors | 15/10/2021
Lower income borrowers can access interest exemptions for three months, smaller loan instalments for up to 24 months, and lower interest rates.
Cybersecurity
BNM Launches New Cyber Threat Intelligence Platform
By Manesh Samtani | 03/10/2021
FinTIP leverages machine algorithms and human experts to correlate, normalise, enrich, and sanitise contributed data to produce “real-time actionable intelligence”.
Structural Regulation
BNM Announces Launch of New Reference Rate MYOR
By Editors | 28/09/2021
The MYOR will run in parallel to the existing KLIBOR, although publication of the lesser referenced two- and 12-month KLIBOR tenors will be discontinued.
Payments & Settlements
BNM Issues New Regulatory Requirements for Merchant Acquirers
By Editors | 23/09/2021
The new requirements will ensure merchant acquiring services have measures in place to manage settlement risk, financial risk, fraud risk, technology risk and cyber risk.
CBDCs
CBDCs Theaten to Eat Into Banks’ Remittance Fees: Moody’s
By Ranamita Chakraborty | 20/09/2021
Fees and commissions banks charge for cross-border transactions will be reduced with wide adoption of CBDCs.
Structural Regulation
Malaysia, Thailand Invite Banks to Become ‘Qualified ASEAN Banks’
By Manesh Samtani | 15/09/2021
The initiative is part of the April 2019 bilateral arrangement between BNM and BOT under the ASEAN Banking Integration Framework.
Conduct, Culture & Accountability
BNM to Raise Standards for Bank Sales of Insurance, Takaful Products
By Editors | 05/09/2021
New draft rules are aimed at strengthening safeguards to ensure the delivery of better outcomes for consumers of insurance/takaful products.
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