Malaysia

Structural Regulation

Malaysia Unveils Details of New Consumer Credit Act

By Editors | 05/08/2022

A ‘Consumer Credit Oversight Board’ will be established as an independent authority to oversee all consumer credit activities including BNPL under a single umbrella.

Conduct, Culture & Accountability

BNM Consults on New Requirements for Adjusters

By Editors | 03/08/2022

The proposed rules impose ‘fit and proper’ requirements on shareholders and key responsible persons of adjusters.

ESG Data

Data with Destiny: Bridging Asia’s ESG Information Gap

By Editors | 02/08/2022

While there has been a surge of data disclosure in Asia, the lack of a unified set of rules across the region opens the door for inconsistencies.

Cybersecurity

Malaysia SC Proposes Technology Risk Management Rules

By Editors | 01/08/2022

The regulatory framework includes a set of principles for capital market entities to adopt in their use of AI/machine learning.

Sustainable Finance

High Definition: Does Asia Need a Unified ESG Taxonomy?

By Editors | 01/08/2022

As countries move at different speeds towards developing their own standards, is this multiplicity an obstacle to a greener future?

Reporting & Disclosures

ESG & the Evolving Demands on Asset Managers and Banks

By Editors | 28/07/2022

Asset managers in Asia could be forgiven for thinking ESG stood for Ever-Shifting Ground.

Reporting & Disclosures

Banking on a Sustainable Future

By Editors | 27/07/2022

Organisastions are faced with the challenge of understanding the nuances of regulations and ensuring they have sufficient capacity to apply them in daily business activities.

Structural Regulation

BNM Sets Deadline for Foreign Insurers to Reduce Stakes in Local Firms

By Editors | 21/07/2022

Most foreign insurers in Malaysia have not complied with a 70 percent limit set in 2009 on their ownership in local firms.

Payments & Settlements

Five ASEAN Central Banks to Link Payment Systems

By Editors | 21/07/2022

The central banks of Indonesia, Malaysia, the Philippines, Singapore and Thailand will formally sign an agreement on payment connectivity in November.