All posts tagged "BNM"
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6Capital RegulationMalaysia Establishes Policy on Recovery and Resolution Planning
Financial institutions will be required to submit their first recovery plans within 18 months from the date they receive a request from BNM.
July 31, 2021 -
140AML / KYCBNM Allows MSBs to Onboard Corporate Customers Remotely
A new policy document sets out the minimum requirements MSBs must observe when onboarding corporate customers using non-face-to-face verification processes.
July 12, 2021 -
64Malaysia
Malaysia Provides Six Month Automatic Moratorium to Borrowers
This is the second time Malaysia has introduced a comprehensive loan moratorium after its debut in March last year.
July 11, 2021 -
250Feature
Known Applicants for Malaysia Digital Bank Licences
The applicant groups include Grab, Singtel, Axiata Digital, RHB Bank, iFAST Corp, Bangkok Bank, BigPay, Sea Group, AEON Credit Service, Pertama Digital, and others.
July 11, 2021 -
136Asia-Pacific
Malaysia, Thailand Establish Cross-border QR Payment Link
The first phase of the project, now complete, allows Thai users to make QR code payments to merchants in Malaysia, including for online e-commerce transactions.
June 22, 2021 -
183Feature
BNM Sets Out New Draft Policy for E-Money Issuers
The exposure draft proposes to impose additional requirements including on capital for e-money issuers that have "substantial market presence".
June 15, 2021 -
229Fintech / RegtechFive Parties Identified as Seeking Malaysia Digital Bank Licence
A consortium involving Pertama Digital, Crowdo and INFOPRO is applying for a licence. Axiata Group and RHB Bank are jointly applying for another.
June 5, 2021 -
293Feature
BNM Consults on Multi-rate Approach to LIBOR Transition
A new discussion paper proposes that the Malaysian ARR be based on overnight transactions in the interbank market, and that the ARR runs in parallel to KLIBOR.
May 21, 2021 -
686Feature
BNM Finalises ‘Climate Change and Principle-based Taxonomy’
The document introduces a progressive system of transition categories to acknowledge concrete efforts and commitments by businesses to adopt sustainable practices.
May 3, 2021 -
185Malaysia
BNM 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
