All posts tagged "BNM"
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302AML / KYCMalaysia: BNM to Implement New Currency Law
BNM will continue to consult on an economy-wide cash transaction limit, which it will be able to implement under the Currency Act 2020.
April 8, 2020 -
1.1KContributed ArticleIn-Depth: Making Sense of Digital Bank Policy
Industry veteran Jamie Lloyd Evans takes a detailed look at digital banking regimes in Asia, and the stated – and unstated – motivations behind them.
April 7, 2020 -
313Capital Regulation
Malaysia: BNM Enhances Financing Facilities for SMEs
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.
March 30, 2020 -
396Capital RegulationMalaysia: Lenders Need Not Assume Higher ECL for Rescheduled Debt
Given that regulatory action is driving debt rescheduling, lenders need not simply assume lifetime expected credit losses under MFRS 9 are relevant for all receivables.
March 27, 2020 -
341Capital RegulationBNM Offers Regulatory Relaxations to Support Lending Activities
Besides an NSFR relaxation, banks can drawdown on the capital conservation buffer, operate below 100% LCR, and utilise regulatory reserves they have set aside.
March 26, 2020 -
405Capital Regulation
BNM Orders Automatic Moratorium on Loan Repayments
Credit card balances should be converted to term loans. Banks will have to maintain a minimum NSFR of 80% instead of 100% from 1 July.
March 25, 2020 -
222Capital Regulation
BNM Cuts Statutory Reserve Requirement for Banks
BNM has lowered the SRR ratio to the lowest level since April 2011, and is allowing principal dealers to recognise MGS and MGII up to 1 billion ringgit as part of SRR compliance.
March 20, 2020 -
327Australia & NZCentral Banks Act to Mitigate Covid-19 Economic Threat
The HKMA has responded to the US rate cut with a cut of its own. The RBA and BNM have also cut their key policy rates, while the BOJ focuses on asset purchases.
March 4, 2020 -
452Feature
BNM Updates Regulatory Framework for Digital Banks in New Draft
The new exposure draft incorporates a simplified regulatory framework for digital banks applicable during the initial three to five years of operations.
March 3, 2020 -
335MalaysiaMalaysia Stimulus Package to Boost Financial Sector, SMEs
The measures include an immediate 12-month waiver of listing-related fees for smaller companies, a new capital market investment fund, and additional financing options for SMEs.
February 28, 2020
