Malaysia: Publication of Financial Sector Assessment Program Documentation—Detailed Assessment of Observance of Core Principles for Effective Deposit Insurance Systems
March 8, 2013
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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).
Subject: Bank deposits, Bank resolution framework, Banking, Commercial banks, Deposit insurance, Financial crises, Financial institutions, Financial safety nets, Insurance companies
Keywords: Bank resolution framework, Commercial banks, CR, Deposit insurance, deposit insurance system, deposit insurer, Financial safety nets, financial system, Global, Insurance companies, insurance coverage, insurance scheme, ISCR, legal costs, membership decal
Pages:
75
Volume:
2013
DOI:
Issue:
060
Series:
Country Report No. 2013/060
Stock No:
1MYSEA2013008
ISBN:
9781475585353
ISSN:
1934-7685
