Bank Negara Malaysia

Credit Risk

BNM Provides Details on New Financing Facilities for SMEs

By Editors | 03/12/2020

The budget initiatives included a targeted facility for SME working capital, credit for micro enterprises, and support for high-tech SMEs.

Climate Risk

Malaysia, Japan Authorities Appointed to NGFS Steering Committee

By Sanday Chongo Kabange | 23/11/2020

The inclusion of Japan’s FSA, BNM and Bank of Canada on the steering committee will widen the NGFS’ global reach and strengthening its geographical representation.

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.