Malaysia: Publication of Financial Sector Assessment Program Documentation—Detailed Assessment of Observance of Core Principles for Effective Deposit Insurance Systems

International Monetary Fund

No 2013/060, IMF Staff Country Reports from International Monetary Fund

Abstract: 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).

Keywords: ISCR; CR; deposit insurance system; deposit insurer; insurance coverage; financial system; legal costs; insurance scheme; membership decal; Deposit insurance; Insurance companies; Bank resolution framework; Commercial banks; Financial safety nets; Global (search for similar items in EconPapers)
Pages: 75
Date: 2013-03-08
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