Malaysia

Operational Risk

Malaysia Seeks to Amend Development Financial Institutions Act

By Editors | 17/10/2014

Malaysia’s central bank is seeking industry views on proposals to amend the Development Financial Institutions Act 2002 to further strengthen the industry.

Structural Regulation

ASIC’s Greg Medcraft Re-elected IOSCO Board Chair

By Editors | 06/10/2014

Australian Securities & Investment Commission chair Greg Medcraft has been elected a second term as chairman of the board of the International Organization of Securities Commissions.

Emerging Prudential Risks

Indonesian Regulator Makes Case for Bank Consolidation

By Editors | 01/09/2014

The Financial Services Authority (OJK) is seeking to consolidate Indonesia’s banking sector, urging state-owned lenders to acquire stakes in regional banks or BPDs.

Trading & Investment

ASEAN Launches Collective Investment Scheme

By Editors | 26/08/2014

Singapore-based fund managers can now offer their funds directly to investors in Malaysia and Thailand under a streamlined authorization process following the launch of the ASEAN Collective Investment Scheme (CIS).

Trading & Investment

Indonesia Mulls Allowing Short-Term Corporate Sukuk

By Editors | 05/08/2014

Bank Indonesia and the Financial Services Authority are discussing the possibility of allowing the trading of short-term sukuk or Islamic bonds in a move that could diversify sharia financial products and help sharia banks raise cash in the market.

Payments & Settlements

Hong Kong, Thailand Launch New Cross-Border Payment Link

By Editors | 27/07/2014

The Hong Kong Monetary Authority and Bank of Thailand introduced a new cross-border payment link between Hong Kong’s US dollar real time settlement system and Bank of Thailand’s Baht system.

Structural Regulation

Indonesia’s Proposed Bank Ownership Policy to Impact Malaysian Lenders

By Editors | 23/07/2014

Malaysian ownership of Indonesian banks came under the spotlight following a proposed bill that compels foreign banks to trim their shareholding to 40%.

Trading & Investment

Hong Kong Aims to Develop Islamic Finance Market, Says Regulator

By Editors | 19/06/2014

Hong Kong is keen to further develop its Islamic finance market, a Securities and Futures Commission official said, adding that the city aims to work closely with Malaysia in enhancing its platform for Islamic finance.

Trading & Investment

China and UK Launch Direct Currency Trade

By Editors | 19/06/2014

China and the UK have started the direct trading of the yuan against the sterling, in a bid to reduce costs from currency conversions.