Malaysia: Publication of Financial Sector Assessment Program Documentation—Detailed Assessment of Observance of Insurance Core Principles
March 8, 2013
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This report is an analysis of the insurance core principles of Malaysia. This assessment gives a clear understanding of the regulatory and supervisory framework of the insurance sector of Malaysia. Bank Negara Malaysia (BNM) is the best insurance regulator in this region. Six percent of the financial sector accounts for the insurance sector. The assessment did not reveal any current potential sources of significant risk to the Malaysian financial stability from its insurance industry. The Executive Board expects further enhancement for an effective insurance sector.
Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Capital adequacy requirements, Corporate governance, Crime, Economic sectors, Financial institutions, Financial regulation and supervision, Insurance, Insurance companies
Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), BNM guidance, BNM guideline, BNM staff, BNM supervisor, Capital adequacy requirements, corporate governance, Corporate governance, CR, Global, Insurance, Insurance companies, ISCR, risk management, takaful operator
Pages:
84
Volume:
2013
DOI:
Issue:
057
Series:
Country Report No. 2013/057
Stock No:
1MYSEA2013005
ISBN:
9781475513806
ISSN:
1934-7685
