Malaysia

AML / KYC

US Returns $300m of Misappropriated 1MDB Funds to Malaysia

By Editors | 15/04/2020

The funds includes proceeds from assets that Malaysia financier Jho Low allegedly bought with stolen 1MDB money before his $700mn forfeit last year.

Securities / Derivatives

Malaysia, Shenzhen Bourses Enter MoU on Cross-border Collaboration

By Editors | 15/04/2020

The MoU will facilitate the display and joint promotion of Bursa Malaysia and SZSE benchmark indices in each other’s markets.

Securities / Derivatives

SC Malaysia Asks Fund Managers to Ramp Up Liquidity Stress Testing

By Editors | 12/04/2020

Stress testing should be conducted more regularly to assess the impact on fund liquidity and redemptions, and to pre-empt liquidity shortages before they occur.

AML / KYC

Malaysia: BNM to Implement New Currency Law

By Editors | 08/04/2020

BNM will continue to consult on an economy-wide cash transaction limit, which it will be able to implement under the Currency Act 2020.

Fintech / Regtech

In-Depth: Making Sense of Digital Bank Policy

By Jamie Lloyd Evans | 07/04/2020

Industry veteran Jamie Lloyd Evans takes a detailed look at digital banking regimes in Asia, and the stated – and unstated – motivations behind them.

Market Infrastructure

Bursa Malaysia Implements ISO 20022 for Corporate Announcements

By Editors | 01/04/2020

The messaging standard will transform the corporate announcements flow in Malaysia, favour interoperability with other marketplaces, and foster innovation.

Capital / Liquidity

Malaysia: BNM Enhances Financing Facilities for SMEs

By Editors | 30/03/2020

BNM is allocating an additional 4 billion ringgit to its financing facilities for SMEs and lowering interest rates to help them sustain their operations and preserve jobs.

Securities / Derivatives

SC, Bursa Malaysia Ease Margin Financing Rules for Brokers

By Editors | 26/03/2020

Brokers are no longer required to liquidate client holdings, make margin calls, or impose haircuts on collateral if client equity balances fall below 130%.

Capital / Liquidity

Malaysia: Lenders Need Not Assume Higher ECL for Rescheduled Debt

By Manesh Samtani | 26/03/2020

Given that regulatory action is driving debt rescheduling, lenders need not simply assume lifetime expected credit losses under MFRS 9 are relevant for all receivables.