Malaysia

Fintech / Regtech

BNM to Finalise Licensing Framework for Digital Insurers in 2024

By Sanday Chongo Kabange | 06/10/2023

Following consultation, BNM said it would refine and enhance several aspects of the framework for digital insurers and takaful operators.

ESG / Sustainability

Bursa Malaysia Issues Handbook for Voluntary Carbon Market

By Editors | 06/10/2023

The handbook defines the roles and functions of key entities in Malaysia’s carbon market operations, and provides information on how the Bursa Carbon Exchange works.

Fintech / Regtech

APAC Central Banks Explore Common Protocol for Regulatory Policy

By Manesh Samtani | 05/10/2023

Project Mandala will be run by BIS Innovation Hub Singapore Centre, along with the RBA, BOK, BNM and MAS, with collaboration from FIs.

AML / KYC

BNM Working to Streamline Industry Response to Scams

By Manesh Samtani | 05/10/2023

BNM governor Datuk Abdul Rasheed Ghaffour discussed efforts underway in Malaysia to tackle the challenges of scams.

Capital / Liquidity

BNM Consults on Draft Rules for Islamic Collateralised Funding

By Sanday Chongo Kabange | 04/10/2023

The draft policy document sets out the scope of transactions that can be conducted by a banking institution participating in the Islamic interbank money market.

Market Infrastructure

Bursa Malaysia Extends Derivatives Partnership With CME Group

By Editors | 03/10/2023

Under the extension, Bursa Malaysia Derivatives contracts will continue to be hosted on CME Globex until September 2028.

Fintech / Regtech

Malaysia to End Fee Waiver on QR Payments to Merchants

By Editors | 02/10/2023

Public Bank, Maybank, CIMB, and TNG Digital said they will not impose the merchant transaction fee for the time being.

ESG / Sustainability

Malaysian Regulators Ramp Up Focus on SMEs in Green Transition

By Editors | 28/09/2023

Tailored guidance is being developed for SMEs on the information they should provide to FIs. A new SME focus group has also been established.

ESG / Sustainability

Malaysia Commences Trading on Bursa Carbon Exchange

By Editors | 27/09/2023

BCX commenced trading on Monday. Bursa Malaysia said renewable energy certificates (RECs) will be offered on the carbon market by Q3 2024.