Malaysia

Capital / Liquidity

BNM Consults on Standardised Approach to Credit Risk Capital

By Editors | 25/01/2023

FIs are asked to provide feedback and complete an accompanying Quantitative Impact Study reporting template.

Market Infrastructure

Malaysia SC Revises Guidelines for Credit Rating Agencies

By Editors | 11/01/2023

The revised guidelines introduce higher standards on governance, internal controls and integrity in rating processes and assessments.

Telekom Malaysia Suffers Data Breach, Over 250,000 Users Affected

By Sanday Chongo Kabange | 04/01/2023

The government has instructed Malaysia’s NC4 and JPDP to investigate the breach and take necessary action. Maybank has also launched its own investigation into the breach.

Fintech / Regtech

BNM Finalises New Rules for Electronic Money Issuers

By Editors | 03/01/2023

E-money issuers with more than 500,000 active users are subject to stricter governance, business continuity management and technology risk management requirements.

Securities / Derivatives

Bursa Malaysia to Develop New Debt Fundraising Platform

By Editors | 26/12/2022

The platform will allow investment in small to mid-sized companies through investment notes with credit and ESG ratings.

Fintech / Regtech

BNM Finalises New Rules for Payment System Operators

By Editors | 22/12/2022

The policy document primarily sets out regulatory requirements covering governance and risk management, in alignment with the PFMI.

Capital / Liquidity

BNM Consults on Capital Requirements for CCP Exposures

By Editors | 19/12/2022

Proposed framework sets out requirements for managing risks arising from a financial institution’s exposures to CCPs in their capacity as a clearing member or a client of a clearing member.

ESG / Sustainability

Malaysia Publishes ‘Climate Data Catalogue’, Identifies Data Gaps

By Editors | 19/12/2022

Malaysia’s JC3 says the data catalogue “represents a call to action” for stakeholders to collectively improve the availability and accessibility of climate data.

AML / KYC

Malaysian Banks to Finish Implementing Anti-Scam Measures by June 2023

By Editors | 16/12/2022

More than 80 percent of banks have already implemented a 24/7 dedicated complaint hotline for customers to report incidents or suspicions of fraud.