Malaysia: Report on the Observance of Standards and Codes
Electronic Access:
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Summary:
This report is an assessment of the state of compliance with the Basel Core Principles (BCPs) in Malaysia. Bank Negara Malaysia (BNM) employs a well-developed risk-focused regulatory and supervisory system, consisting of a hands-on and comprehensive program of onsite supervision and extensive offsite macroeconomic and microeconomic surveillance supervision. The assessment has revealed several opportunities for improvement of the regulatory and supervisory framework. The Executive Board recommends the new financial services legislation, the Financial Services Act (FSA), to address many of these gaps.
Series:
Country Report No. 2013/053
Subject:
Banking Capital markets Commercial banks Deposit insurance Financial institutions Financial markets Financial services Insurance Insurance companies
English
Publication Date:
February 28, 2013
ISBN/ISSN:
9781557753892/1934-7685
Stock No:
1MYSEA2013003
Pages:
77
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