Bank Negara Malaysia

Payments & Settlements

Malaysia, Thailand Establish Cross-border QR Payment Link

By Manesh Samtani | 21/06/2021

The first phase of the project, now complete, allows Thai users to make QR code payments to merchants in Malaysia, including for online e-commerce transactions.

Payments & Settlements

BNM Sets Out New Draft Policy for E-Money Issuers

By Manesh Samtani | 14/06/2021

The exposure draft proposes to impose additional requirements including on capital for e-money issuers that have “substantial market presence”.

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.