Malaysia

BNM Increases Funding for SME Digitalisation Initiatives

By Editors | 18/03/2021

The SME Automation and Digitalisation Facility, launched in March to help SMEs automate processes and digitalise operations, has more than tripled in size.

Securities / Derivatives

BNM Eases Rules for Non-resident Banks Trading Ringgit IRS

By Editors | 15/03/2021

Non-resident banks can trade ringgit-denominated interest rate swaps without any underlying commitment with any onshore bank or its appointed overseas offices.

Securities / Derivatives

Bursa Malaysia Revamps Crude Palm Kernel Oil Futures Contract

By Editors | 09/03/2021

The enhancements aim to create an effective hedging instrument against the physical market and provide an alternative instrument for participants.

AML / KYC

Malaysia Secures Settlement from Deloitte to Resolve 1MDB Claims

By Editors | 05/03/2021

Malaysia’s Finance Ministry is also negotiating a settlement with KPMG, which was replaced by Deloitte as auditor of 1MDB in 2013.

Enforcement

Bursa Punishes RHB Representative for Unauthorised Trading

By Editors | 04/03/2021

The former representative committed the breaches for personal financial gain and attempted to conceal his misconduct from RHB Investment Bank’s management.

BNM Revises Guidance on Operational Risk Reporting

By Editors | 03/03/2021

The revisions enhance the granularity of reporting requirements and align definitions with the FSB’s cyber lexicon.

ESG / Sustainability

Malaysian FIs to Start Applying Climate Risk Taxonomy

By Editors | 02/03/2021

Financial institutions will begin capturing exposures based on the Climate Change and Principles-Based Taxonomy over the course of 2021.

AML / KYC

Malaysia Secures Settlement from AmBank to Resolve 1MDB Claims

By Editors | 01/03/2021

AmBank was used by former prime minister Najib Razak to receive billions of ringgit linked to a 1MDB unit between 2014 and 2015.

Securities / Derivatives

Bursa Malaysia to Allow Lower Public Shareholding Spreads

By Editors | 23/02/2021

The exchange will consider applications from issuers to have public shareholding spreads of between 15% and 20%, compared to current requirements for 25%.