Malaysia

AML / KYC

New York Court Convicts Ex-Goldman Exec in 1MDB Case

By Editors | 11/04/2022

Following an eight-week trial, former Goldman Sachs managing director Roger Ng was convicted on charges of bribery and money laundering. He faces up to 30 years in prison.

ESG / Sustainability

Malaysia EPF Establishes Sustainable Investment Policy

By Editors | 06/04/2022

The EPF is Malaysia’s largest institutional investor and pension fund. The policy will guide it in integrating ESG considerations in its investment processes.

ESG / Sustainability

Malaysia JC3 Issues Draft TCFD Application Guide for FIs

By Editors | 03/04/2022

All Malaysian FIs will be expected to adopt basic recommendations set out in the application guide and encouraged to adopt more sophisticated ‘stretch’ recommendations.

Market Infrastructure

Malaysia in Talks to Harmonise Carbon Trading

By Editors | 29/03/2022

The establishment of a single carbon trading market for Malaysia will help to avoid fragmentation across the country.

Securities / Derivatives

Bursa Malaysia to Incentivise Research into Listed Companies

By Editors | 29/03/2022

The initiative will lead to better value recognition for companies and enhance corporate governance, transparency and disclosure, Bursa Malaysia said.

Market Infrastructure

BNM Launches Shariah-compliant Benchmark Rate, MYOR-i

By Editors | 28/03/2022

The establishment of MYOR-i as the Islamic benchmark rate will be a catalyst in driving Islamic financial product innovation, BNM says.

Fintech / Regtech

Malaysian Minister Rules Out Possibility of Bitcoin as Legal Tender

By Editors | 24/03/2022

Malaysia’s deputy finance minister said cryptocurrencies are not suitable for use in payments. Earlier this week another minister called for the government to adopt crypto as legal tender.

ESG / Sustainability

Bursa Malaysia to Enhance Sustainability Reporting Framework

By Manesh Samtani | 24/03/2022

Listed issuers will be required to disclose prescribed “common sustainability matters” and indicators and provide TCFD-aligned climate change related disclosures.

Fintech / Regtech

Malaysia SC Registers Two IEO Platform Operators

By Editors | 24/03/2022

The Initial Exchange Offering platform operators are given nine months to comply with regulatory requirements before they can commence operations.