All posts tagged "BNM"
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82MalaysiaBNM Shariah Advisory Council Rules RFRs Permissible
The ruling was made based on the justification that the compounding methodology is "merely an arithmetic method" and does not affect compliance with Shariah requirements.
March 30, 2021 -
129Malaysia
BNM Increases Funding for SME Digitalisation Initiatives
The SME Automation and Digitalisation Facility, launched in March to help SMEs automate processes and digitalise operations, has more than tripled in size.
March 19, 2021 -
116Malaysia
BNM Eases Rules for Non-resident Banks Trading Ringgit IRS
Non-resident banks can trade ringgit-denominated interest rate swaps without any underlying commitment with any onshore bank or its appointed overseas offices.
March 15, 2021 -
220Malaysia
BNM Revises Guidance on Operational Risk Reporting
The revisions enhance the granularity of reporting requirements and align definitions with the FSB’s cyber lexicon.
March 4, 2021 -
317Malaysia
Malaysian FIs to Start Applying Climate Risk Taxonomy
Financial institutions will begin capturing exposures based on the Climate Change and Principles-Based Taxonomy over the course of 2021.
March 2, 2021 -
271AML / KYCMalaysia Secures Settlement from AmBank to Resolve 1MDB Claims
AmBank was used by former prime minister Najib Razak to receive billions of ringgit linked to a 1MDB unit between 2014 and 2015.
March 1, 2021 -
295FeatureOver 40 Parties to Apply for Digital Bank Licence: BNM
Applications are being accepted until 30 June 2021, with BNM planning to award up to five licences in the first quarter of 2022.
February 12, 2021 -
630Asia-Pacific2021 Outlook for BCBS 239 Compliance in Southeast Asia
PwC's South East Asia Consulting team discusses progress made to comply with BCBS 239 in Southeast Asian jurisdictions, providing an outlook and recommendations for the year ahead.
January 27, 2021 -
208Capital Regulation
BNM Extends Flexibility to Use Govt Securities to Meet SRR
Since March 2020, the lower SRR ratio and flexibility to recognise MGS and MGII as part of SRR compliance have released MYR 46 billion in banking system liquidity.
January 22, 2021 -
504Fintech / RegtechBNM Opens Six Month Application Period for Digital Bank Licences
Applicant must demonstrate a commitment to driving financial inclusion. Preference will be accorded to applications where the controlling interest resides with Malaysian nationals.
January 4, 2021
