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Structural Regulation
Five Parties Identified as Seeking Malaysia Digital Bank Licence
By Ranamita Chakraborty | 04/06/2021
A consortium involving Pertama Digital, Crowdo and INFOPRO is applying for a licence. Axiata Group and RHB Bank are jointly applying for another.
Trading & Investment
BNM Consults on Multi-rate Approach to LIBOR Transition
By Manesh Samtani | 21/05/2021
A new discussion paper proposes that the Malaysian ARR be based on overnight transactions in the interbank market, and that the ARR runs in parallel to KLIBOR.
Climate Risk
BNM Finalises ‘Climate Change and Principle-based Taxonomy’
By Manesh Samtani | 03/05/2021
The document introduces a progressive system of transition categories to acknowledge concrete efforts and commitments by businesses to adopt sustainable practices.
CBDCs
BNM to Explore Benefits of CBDC Issuance Through PoCs
By Sanday Chongo Kabange | 07/04/2021
BNM does not have any immediate plans to issue a CBDC but will actively assess the potential value proposition of digital currencies.
Structural Regulation
BNM Shariah Advisory Council Rules RFRs Permissible
By Editors | 29/03/2021
The ruling was made based on the justification that the compounding methodology is “merely an arithmetic method” and does not affect compliance with Shariah requirements.
Cloud & Infrastructure
BNM Increases Funding for SME Digitalisation Initiatives
By Editors | 18/03/2021
The SME Automation and Digitalisation Facility, launched in March to help SMEs automate processes and digitalise operations, has more than tripled in size.
Trading & Investment
BNM Eases Rules for Non-resident Banks Trading Ringgit IRS
By Editors | 15/03/2021
Non-resident banks can trade ringgit-denominated interest rate swaps without any underlying commitment with any onshore bank or its appointed overseas offices.
Operational Risk
BNM Revises Guidance on Operational Risk Reporting
By Editors | 03/03/2021
The revisions enhance the granularity of reporting requirements and align definitions with the FSB’s cyber lexicon.
Climate Risk
Malaysian FIs to Start Applying Climate Risk Taxonomy
By Editors | 02/03/2021
Financial institutions will begin capturing exposures based on the Climate Change and Principles-Based Taxonomy over the course of 2021.
Supervision & Enforcement
Malaysia Secures Settlement from AmBank to Resolve 1MDB Claims
By Editors | 01/03/2021
AmBank was used by former prime minister Najib Razak to receive billions of ringgit linked to a 1MDB unit between 2014 and 2015.
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