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Structural Regulation
Malaysia Finalises Requirements for Electronic Trading Platforms
By Editors | 13/11/2019
The new rules went into effect on 11 November and require that electronic trading platforms and networks obtain prior approval from the central bank before offering services in Malaysia.
Conduct, Culture & Accountability
Malaysia Mandates Fair Treatment of Financial Consumers
By Editors | 10/11/2019
A new BNM policy document sets out expectations for financial firms to prioritise the interests of financial consumers and effectively manage conduct risks.
Anti-Money Laundering
Malaysia Proposes Cash Payment Limit to Curb Financial Crime
By Editors | 08/11/2019
The central bank says any action aimed at circumventing the proposed 25,000 ringgit cash transaction limit would be considered an offence for both the payer and payee.
AI Risk & Governance
Suptech Gains Momentum but Approaches Vary: FSI Paper
By Editors | 23/10/2019
Suptech use cases have mainly clustered around misconduct analysis, reporting and data management, according a new paper from the BIS Financial Stability Institute.
Supervision & Enforcement
Malaysia Passes Bill to Form New Anti-Financial Crime Body
By Editors | 13/10/2019
Expected to launch in January, the National Anti-Financial Crime Centre (NAFCC) will coordinate the efforts of 12 enforcement agencies to tackle financial crime.
Climate Risk
BNM to Require FIs to Report Climate-related Exposures
By Editors | 02/10/2019
Malaysia’s central bank will use the reported data to set new regulatory standards that better reflect the risks from climate-related exposures.
Anti-Money Laundering
BNM to Enforce AML Compliance at Law Firms in 2020
By Editors | 30/08/2019
BNM assistant governor Encik Adnan Zaylani Mohamad Zahid warns that enforcement action will be taken against legal professionals for AML non-compliance starting in 2020.
Conduct, Culture & Accountability
BNM Raises Culture Bar for Development Financial Institutions
By Editors | 26/08/2019
DFIs should firmly ground their business models on strong governance and a culture of professional management, said BNM governor Nor Shamsiah Yunus.
Trading & Investment
BNM Extends Range of Securities Eligible for Repo
By Editors | 21/08/2019
BNM’s draft policy document proposes to extend the maximum tenor of a repo to five years from 365 days previously, and to expand the securities that are eligible for repo.
Trading & Investment
Malaysia Liberalises FX Hedging Framework
By Editors | 19/08/2019
The policy move is aimed at providing greater flexibility and efficiency in foreign exchange risk management and business operations.
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