Malaysia

Securities / Derivatives

Bursa Malaysia Subsidiary to Assume All Regulatory Functions

By Editors | 25/02/2020

The establishment of the new wholly-owned subsidiary, ‘Bursa RegSub’, follows a similar approach to SGX, which formed SGX RegCo to undertake all regulatory functions in 2017.

Securities / Derivatives

Malaysia to Allow Private Retirement Schemes to Invest Overseas

By Editors | 22/02/2020

Malaysia’s Securities Commission says it will allow conservative PRS funds to invest in foreign markets, providing them more flexibility in asset allocation.

AML / KYC

Malaysia Anti-Corruption Commission Files New 1MDB-related Charges

By Editors | 13/02/2020

Malaysia has filed new charges against fugitive financier Jho Low and two PetroSaudi International directors over their alleged roles in the 1MDB scandal.

AML / KYC

Liar’s Poker – The 1MDB Version

By Peter Guy | 11/02/2020

1MDB sorely tested principles-based regulation and compliance at Goldman Sachs. But, the bank was likely set up as a victim from the very beginning, says Peter Guy.

Capital / Liquidity

Malaysian Central Bank Publishes Inaugural D-SIBs List

By Editors | 06/02/2020

Maybank, CIMB and Public Bank have been designated as D-SIBs and will have to maintain extra capital buffers from 31 January 2021 to reduce the probability of failure.

AML / KYC

BNM Publishes Consultation Response on New AML/CFT Framework

By Editors | 03/02/2020

BNM will publish further guidance on the methods used for verifying customer and beneficial owner information and for authenticating their documents.

Market Infrastructure

Grab, Razer Considering Malaysia Digital Bank Licences – Report

By Editors | 24/01/2020

CIMB, Hong Leong Bank, Maybank, Grab, Razer, AirAsia, Axiata are reportedly considering submitting bids for Malaysian digital bank licences.

BNM Sets Out Expectations for Developmental Financial Institutions

By Editors | 21/01/2020

BNM has set out its expectations for DFIs’ business plans and funding requirements, to enable them to achieve greater developmental outcomes and support the private sector.

Capital / Liquidity

BNM Issues Draft Framework on Recovery, Resolution Planning

By Editors | 20/01/2020

Each financial institution will be required to identify and plan for the execution of a suite of recovery options to restore its long-term viability under a range of stress events.