All posts tagged "BNM"
-
395FeatureBNM: Banks Agree on Flexible Approach to Loan Repayments
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.
July 30, 2020 -
1.1KAML / KYC
BNM Issues Draft Rules on Merchant Acquiring Services
The exposure draft sets out regulatory requirements for merchant acquiring services to ensure proper risk management amid rapid changes in the e-payments landscape.
July 23, 2020 -
1.4KAML / KYC
BNM e-KYC Policy for Customer Onboarding Takes Effect
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.
July 1, 2020 -
626Capital Regulation
BNM: Banks Can Use Govt Bonds to Meet Reserve Requirement
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.
May 5, 2020 -
632Malaysia
BNM Faces Backlash Over Revised Moratorium Guidance
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.
May 4, 2020 -
577AML / KYC
Malaysia: 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 -
2.0KContributed 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 -
552Capital 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 -
561Capital 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 -
584Capital 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
