Malaysia

Credit Risk

Malaysia Extends Margin Financing Flexibilities to Year-end

By Editors | 29/09/2020

The temporary margin financing relief measures due to expire on 30 September will be extended to 31 December 2020.

Trading & Investment

Malaysia Completes First KLIBOR-SOFR Cross-currency Basis Swap

By Editors | 23/09/2020

The USD 100 million trade was the first MYR – USD cross-currency transaction referencing the USD SOFR, which will replace USD LIBOR.

Clearing & Post-Trade

Malaysia Launches Physically Delivered MGS Futures Contract

By Editors | 21/09/2020

The revised contract will enhance risk management at FIs and allow them to hedge interest rate risks, while also providing new trading opportunities for other market participants.

Climate Risk

Malaysian FIs to Pilot Implementation of Climate Risk Taxonomy

By Manesh Samtani | 16/09/2020

This month, 12 financial institutions will commence a pilot to implement a principles-based taxonomy for classifying climate risk, one of a number of initiatives to build climate resilience.

Market Abuse

Bursa Malaysia Suspends Prop Trader For Order Book Manipulation

By Sanday Chongo Kabange | 10/09/2020

The trader placed buy orders at multiple price levels to induce other participants into the market and facilitate his own disposal of the shares at higher prices.

Anti-Money Laundering

US Recovers $60m in 1MDB Funds from Najib Razak’s Stepson

By Editors | 06/09/2020

The assets recovered include luxury real estate in Beverly Hills, New York and London, a Kentucky maintenance company, and a 1927 promo poster for the film “Metropolis”.

Anti-Money Laundering

BNM Issues Guidance Documents on AML/CFT Obligations

By Editors | 02/09/2020

Guidance is provided for financial institutions, DNFBPs and NBFIs on AML/CFT and targeted financial sanctions, customer due diligence and beneficial ownership.

Cloud & Infrastructure

Malaysia, Indonesia Regulators Sign Fintech Cooperation Pact

By Sanday Chongo Kabange | 24/08/2020

The agreement aims to facilitate information sharing, provide joint innovation opportunities, and facilitate cross-border referrals of fintech businesses.

Credit Risk

Malaysia Bolsters Debt Resolution Support for SMEs

By Editors | 19/08/2020

From 1 September, SMEs can seek debt restructuring services, financial education and advisory from the Credit Counselling and Debt Management Agency, known as the AKPK.