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Climate Risk
ASEAN Central Banks Endorse Collective Approach to Climate Risk
By Shruti Khairnar | 18/11/2020
A new report offers a set of non-binding recommendations to promote a unified ASEAN approach towards managing climate and environment-related risks.
Credit Risk
BNM Announces Targeted Borrower Relief Under Record National Budget
By Editors | 09/11/2020
Among the measures, BNM will establish a 2bn ringgit facility for SMEs to borrow from participating FIs at concessionary rates and with a government guarantee.
KYC & CDD
Hong Leong Bank Launches Digital Account Opening
By Editors | 08/10/2020
Hong Leong has become the first Malaysia bank to launch “fully digital” account opening, just three months after BNM’s new e-KYC guidelines took effect.
Capital Adequacy
BNM to Allow Banks to Add-back ECL to CET1 Capital
By Manesh Samtani | 29/09/2020
Banks which elect to apply the transitional arrangements are allowed to add back a portion of Stage 1 and Stage 2 provisions for ECL to CET1 capital.
Climate Risk
Malaysian FIs to Pilot Implementation of Climate Risk Taxonomy
By Manesh Samtani | 16/09/2020
This month, 12 financial institutions will commence a pilot to implement a principles-based taxonomy for classifying climate risk, one of a number of initiatives to build climate resilience.
Anti-Money Laundering
BNM Issues Guidance Documents on AML/CFT Obligations
By Editors | 02/09/2020
Guidance is provided for financial institutions, DNFBPs and NBFIs on AML/CFT and targeted financial sanctions, customer due diligence and beneficial ownership.
Credit Risk
Malaysia Bolsters Debt Resolution Support for SMEs
By Editors | 19/08/2020
From 1 September, SMEs can seek debt restructuring services, financial education and advisory from the Credit Counselling and Debt Management Agency, known as the AKPK.
Payments & Settlements
Malaysia Works to Enable Real-time Cross-border Payments
By Editors | 10/08/2020
A cross-border link between Singapore’s PayNow and Thailand’s PromptPay will extend to Malaysia’s DuitNow, a BNM official said.
Anti-Money Laundering
Malaysia Jails Eight Over Illegal Deposit-taking Scheme
By Editors | 05/08/2020
Eight individuals were sentenced to between three and nine years’ jail. Total fines issued, including against three companies, amount to $310mn.
Cloud & Infrastructure
Malaysia Launches New Initiative to Boost Fintech Development
By Editors | 04/08/2020
The Fintech Booster programme is expected to spur a more dynamic fintech ecosystem that can facilitate continued innovation in the financial services sector.
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