All posts tagged "BNM"
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46MalaysiaMalaysia Announces Relief for Low Income Borrowers
Lower income borrowers can access interest exemptions for three months, smaller loan instalments for up to 24 months, and lower interest rates.
October 15, 2021 -
184Feature
BNM Launches New Cyber Threat Intelligence Platform
FinTIP leverages machine algorithms and human experts to correlate, normalise, enrich, and sanitise contributed data to produce "real-time actionable intelligence".
October 4, 2021 -
224FeatureBNM Announces Launch of New Reference Rate MYOR
The MYOR will run in parallel to the existing KLIBOR, although publication of the lesser referenced two- and 12-month KLIBOR tenors will be discontinued.
September 28, 2021 -
226MalaysiaSingapore, Malaysia to Link PayNow, DuitNow in Q4 2022
Customers of participating financial institutions will be able to make real-time cross-border transfers using a mobile number.
September 28, 2021 -
244Malaysia
BNM Issues New Regulatory Requirements for Merchant Acquirers
The new requirements will ensure merchant acquiring services have measures in place to manage settlement risk, financial risk, fraud risk, technology risk and cyber risk.
September 23, 2021 -
176Big PictureCBDCs Theaten to Eat Into Banks’ Remittance Fees: Moody’s
Fees and commissions banks charge for cross-border transactions will be reduced with wide adoption of CBDCs.
September 21, 2021 -
271Asia-PacificMalaysia, Thailand Invite Banks to Become ‘Qualified ASEAN Banks’
The initiative is part of the April 2019 bilateral arrangement between BNM and BOT under the ASEAN Banking Integration Framework.
September 15, 2021 -
380Malaysia
BNM to Raise Standards for Bank Sales of Insurance, Takaful Products
New draft rules are aimed at strengthening safeguards to ensure the delivery of better outcomes for consumers of insurance/takaful products.
September 5, 2021 -
281FeatureBIS, Four Central Banks Partner to Test Cross-Border CBDC Use
The BIS Innovation Hub Singapore Centre will test CBDCs for international settlements with the RBA, MAS, BNM and SARB.
September 3, 2021 -
255Malaysia
BNM Amends Rules on Managing Financial Adviser Conduct
Advisers will have to provide customers with suitable product options from at least three different providers when recommending insurance or takaful products.
August 16, 2021
