Malaysia

Sustainable Finance

Bursa Malaysia Teams Up with HSBC Islamic Bank on ESG Adoption

By Editors | 09/02/2022

Under a new MoU, Bursa Malaysia will collaborate with HSBC Amanah in developing sustainability-linked Islamic financial products and ESG solutions for listed companies.

Payments & Settlements

Malaysia, Indonesia Launch Cross-border QR Payments Linkage

By Editors | 27/01/2022

The linkage will eventually be expanded to support real-time cross-border fund transfers. The 2nd phase of Malaysia’s QR payment linkage with Thailand has also gone live.

Cloud & Infrastructure

BNM Unveils Five Year Blueprint to Develop Financial Sector

By Manesh Samtani | 25/01/2022

The blueprint contains plans to advance financial sector digitalisation, develop an open data ecosystem, and improve efficiency in cross-border payments.

Sustainable Finance

BNM to Open New Funding Facilities to Support SMEs

By Mark Johnston | 24/01/2022

The Business Recapitalisation Facility will support recovery and growth, while the Low Carbon Transition Facility will support the adoption of sustainable practices.

Supervision & Enforcement

Malaysia Receives KPMG Payment to Settle 1MDB Claims

By Editors | 21/01/2022

The 1MDB funds recovered so far are only enough to pay off the principal owed for 2022. The remaining debt will continue to be bourne by the government.

Conduct, Culture & Accountability

Bursa Malaysia Enhances Rules on Board Independence, Diversity

By Editors | 19/01/2022

The rule amendments limit board tenure to 12 years, require the appointment of at least one woman director, and enhance transparency on board appointments.

Capital Adequacy

UOB to Acquire Citi Consumer Banking Units in Four Markets

By Manesh Samtani | 17/01/2022

The transaction is estimated to reduce UOB’s CET1 ratio by 70 basis points to 12.8 percent, which is considered not material and “well within regulatory requirements”.

Payments & Settlements

BNM Proposes Rule Changes for Payment Card Industry

By Mark Johnston | 10/01/2022

The changes will address distortions and frictions in the payment card market and foster greater usage and acceptance of payment cards, BNM says.

Market Abuse

Malaysia SC Charges Serba Dinamik Execs for False Disclosure

By Ranamita Chakraborty | 06/01/2022

Four executives of oil and gas engineering company Serba Dinamik have been charged for submitting a false statement to Bursa Malaysia.