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Credit Risk
BNM: Banks Agree on Flexible Approach to Loan Repayments
By Editors | 29/07/2020
As the blanket loan moratorium announced in March is due to end, banks have agreed to provide borrowers various repayment flexibilities depending on their specific circumstances.
Payments & Settlements
BNM Issues Draft Rules on Merchant Acquiring Services
By Editors | 22/07/2020
The exposure draft sets out regulatory requirements for merchant acquiring services to ensure proper risk management amid rapid changes in the e-payments landscape.
KYC & CDD
BNM e-KYC Policy for Customer Onboarding Takes Effect
By Editors | 30/06/2020
Financial institutions have the freedom to decide on any combination of methods to identify and verify customers through e-KYC, but prior BNM approval is required.
Fraud, Scams & Cybercrime
UPDATED – Wirecard Fraud: A Timeline of Events
By Editors | 30/06/2020
Wirecard has filed for insolvency amid multiple probes. BaFin faces scrutiny for mishandling clear red flags. EY faces lawsuits for failing to catch the improprieties earlier.
Liquidity Risk
BNM: Banks Can Use Govt Bonds to Meet Reserve Requirement
By Editors | 05/05/2020
The move is expected to release about $3.7mn of liquidity into the banking system. BNM has also cut its overnight policy rate to the lowest level since 2009.
Credit Risk
BNM Faces Backlash Over Revised Moratorium Guidance
By Editors | 03/05/2020
The initial version of BNM’s FAQs appeared to suggest that no extra interest would be charged on hire-purchase loans under deferment, but a revised illustration shows interest can accrue.
Anti-Money Laundering
Malaysia: BNM to Implement New Currency Law
By Editors | 08/04/2020
BNM will continue to consult on an economy-wide cash transaction limit, which it will be able to implement under the Currency Act 2020.
Structural Regulation
In-Depth: Making Sense of Digital Bank Policy
By Jamie Lloyd Evans | 07/04/2020
Industry veteran Jamie Lloyd Evans takes a detailed look at digital banking regimes in Asia, and the stated – and unstated – motivations behind them.
KYC & CDD
The Four e-KYC Models Around the World
By Claus Christensen | 05/04/2020
Claus Christensen at Know Your Customer Ltd identifies four e-KYC models in use across the world, but says that harmonisation and consolidation of these schemes is likely.
Credit Risk
Malaysia: BNM Enhances Financing Facilities for SMEs
By Editors | 30/03/2020
BNM is allocating an additional 4 billion ringgit to its financing facilities for SMEs and lowering interest rates to help them sustain their operations and preserve jobs.
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