Malaysia: Report on the Observance of Standards and Codes
February 28, 2013
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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.
Subject: Banking, Capital markets, Commercial banks, Deposit insurance, Financial institutions, Financial markets, Financial services, Insurance, Insurance companies
Keywords: banking sector, BNM director, BNM guideline, BNM staff members, BNM supervisor, capital market, Capital markets, Commercial banks, CR, credit risk, enforcement activity, financial market, financial system, Global, hedge fund, holding company, Insurance, Insurance companies, internal auditor, ISCR, RBC guideline, risk management, variation margin
Pages:
77
Volume:
2013
DOI:
Issue:
053
Series:
Country Report No. 2013/053
Stock No:
1MYSEA2013003
ISBN:
9781557753892
ISSN:
1934-7685
