All posts tagged "BNM"
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142Capital RegulationBNM Issues Draft Framework on Recovery, Resolution Planning
Each financial institution will be required to identify and plan for the execution of a suite of recovery options to restore its long-term viability under a range of stress events.
January 20, 2020 -
574Contributed ArticleMalaysia Joins Digital Banking Revolution with Exposure Draft
Herbert Smith Freehills breaks down Malaysia's new framework for digital banks, comparing the regime to those in Singapore and Hong Kong.
January 14, 2020 -
247Malaysia
BNM Issues Revised Equity Exposure Rules for FIs
Financial institutions need BNM's prior written approval to acquire or hold 20% or more of the voting shares or voting power in a corporation. Compliance is required by 31 December 2021.
January 6, 2020 -
1.2KAML / KYC
Malaysia Replaces AML/CFT Framework with Two Policy Documents
The first document is for banks, insurers, money services businesses and payments providers. The second is for NBFIs and DNFBPs, including lawyers, accountants, casinos, real estate agents and trust companies.
January 3, 2020 -
547Malaysia
BNM Publishes Draft Taxonomy to Help FIs Classify Climate Risks
Supervised institutions are expected to integrate climate-related risks and considerations into their business strategies and risk management practices, BNM says.
January 2, 2020 -
306Malaysia
BNM Issues Draft Responsibility Mapping Framework for FIs
The framework will ensure that responsibilities and accountabilities for key functions at financial institutions are clearly allocated to appropriately senior and competent individuals.
December 30, 2019 -
565Malaysia
Malaysia Issues Draft Licensing Framework for Digital Banks
Foreign financial institutions will be allowed to hold a majority stake, but preference will be given to applications where Malaysian nationals own the controlling equity interest.
December 28, 2019 -
686AML / KYC
BNM Issues Draft Rules on Financial Sector Use of Electronic KYC
BNM recommends the use of AI, machine learning or other forms of predictive algorithms to ensure accurate identification and verification, and to automate decision-making in customer onboarding.
December 17, 2019 -
830Asia-PacificASEAN Regulators Are Shoring Up Climate Safeguards: WWF
In a new report, WWF Singapore says ASEAN financial regulators and banking associations are increasing their expectations on banks to assess and mitigate climate and environmental risk.
December 10, 2019 -
366Malaysia
Malaysia Central Bank Revises Repo Rules
New rules increase repo transaction tenor to five years and expand the list of eligible securities allowed in repo transactions.
November 14, 2019
