Malaysia: Publication of Financial Sector Assessment Program Documentation—Detailed Assessment of Observance of Core Principles for Effective Deposit Insurance Systems
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
This paper evaluates and addresses Malaysia’s compliance with the Core Principles for Effective Deposit Insurance Systems (Core Principles), and reviews relevant laws, regulations and regulatory and supervisory practices related to conventional banking sector, and the operations of Perbadanan Insurans Deposit Malaysia (PIDM). Though several weaknesses in the legal framework have been noted in this assessment, there has been no experience with bank failures in Malaysia since PIDM’s establishment in 2005. The paper also covers Islamic deposits, which manage a separate Islamic Deposit Insurance Fund (IDIF).
Series:
Country Report No. 2013/060
Subject:
Bank deposits Bank resolution framework Banking Commercial banks Deposit insurance Financial crises Financial institutions Financial safety nets Insurance companies
English
Publication Date:
March 8, 2013
ISBN/ISSN:
9781475585353/1934-7685
Stock No:
1MYSEA2013008
Pages:
75
Please address any questions about this title to publications@imf.org