Bank Negara Malaysia
Bank Negara Malaysia (BNM) is the central bank of Malaysia. Its main purpose is to issue currency, act as banker and adviser to the government of Malaysia and regulate the country's financial institutions, credit system and monetary policy.
Malaysia launches amended Money Services Business Act
Malaysia launches amended Money Services Business Act
It clarifies offenses and the punishment for illegal operators.
Malaysia raids 12 premises for suspected financial offences
A total of 92 bank accounts were frozen.
Malaysia float new req’s to lower costs of basic banking services
The central bank is inviting written feedback on the draft policy document.
Malaysia, South Korea renew their bilateral swap agreement
The swap arrangement can be further extended via mutual agreement.
Malaysia warns against four unauthorised companies
They have similar names to companies authorised by BNM but are not related to them.
Malaysian banks’ loan ratio at 1.6% in Feb
Loan loss coverage is at 120% of impaired loans, central bank data showed.
Malaysia proposes revisions to Islamic banking regulations
The central bank is inviting feedback to its exposure draft, until 31 March.
Malaysia unveils proposed guidelines for currency processing
It aims to improve transparency and accountability, amongst others.
Malaysia’s new digital banks fated to remain niche in medium term
Regulatory limits and competition make it unlikely to break into the mainstream until 2026.
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