Malaysia: Publication of Financial Sector Assessment Program Documentation—Detailed Assessment of Basel Core Principles for Effective Banking Supervision

International Monetary Fund

No 2013/056, IMF Staff Country Reports from International Monetary Fund

Abstract: The Bank Negara Malaysia (BNM) employs a well-developed risk-focused regulatory and supervisory regime. Despite this, a clear gap exists in the application of the supervision and regulation regime to financial holding companies. BNM is to be commended for its thoughtful and comprehensive self-assessment and efforts to help draft legislative changes and to make administrative changes to address the areas of improvement revealed by the self-assessment. Improvements should be made in the transparency of elements of BNM’s supervisory expectations, its domestic coordination and information-sharing arrangements, and legal protection for staff.

Keywords: ISCR; CR; BNM supervisor; banking institution; risk management; senior management; credit risk; risk specialist; country risk; BNM guideline; banking group; Operational risk; Capital adequacy requirements; External audit; Market risk; Global (search for similar items in EconPapers)
Pages: 120
Date: 2013-03-08
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