All posts tagged "BNM"
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386Capital / LiquidityBNM Calls on FIs to Start Preparing for 2024 Climate Stress Tests
BNM has proposed a framework for the 2024 CRST exercise to assess the resilience of Malaysian FIs to physical and transition risks arising from various climate scenarios.
July 4, 2022 -
355MalaysiaBNM Issues New Rules for Banks Selling Insurance & Takaful Products
The board and senior management shall be held "jointly accountable" for bancassurance/bancatakaful products that result in "poor consumer outcomes".
July 3, 2022 -
362ESG / SustainabilityMalaysia Regulators Publish TCFD Adoption Guide for FIs
All local and foreign FIs are expected to adopt the basic recommendations set out in the application guide within a recommended timeframe of 24 months.
June 30, 2022 -
357Asia-PacificBIS Launches Yuan Liquidity Facility for Central Banks
Central banks from China, Hong Kong, Singapore, Malaysia, Indonesia and Chile are creating a reserve pool to guard against market stresses.
June 28, 2022 -
469Big PictureBIS Innovation Hub Outlines Lessons from CBDC Experiments
The report covers four experiments, Project Inthanon-LionRock, Project Jura, Project Dunbar, and Project mBridge.
June 23, 2022 -
518AML / KYC
BNM Directs Banks to Enhance Fraud Risk Controls
BNM will take supervisory and enforcement actions against banks that fail to protect their customers from fraud risk.
June 13, 2022 -
478ESG / SustainabilityTaiwan Banks to Undergo Climate Change Stress Tests in 2023
The local banking association is developing the climate-change stress tests, the content of which will be finalised by the end of this year.
June 9, 2022 -
555Feature
BNM Issues Draft Guidance on Managing Cloud Risks
The guidance sets out expectations on the governance processes, design principles, and operational controls FIs should consider when adopting cloud services.
June 5, 2022 -
1.1KMalaysia
BNM Proposes Rules for Hiring Insurance, Takaful Agents
Insurers and takaful operators must undertake a due diligence process that includes reference checks with all of an agent's current and former employers.
April 30, 2022 -
620Feature
BNM Awards Digital Bank Licences to Five Applicants
The licence winners include Axiata's Boost Holdings, RHB Bank, Grab-Singtel's GXS Bank, Kuok Brothers, Sea Limited, YTL Digital Capital, AEON, MoneyLion, and KAF Investment Bank.
April 29, 2022
