Malaysia: Report on the Observance of Standards and Codes

International Monetary Fund

No 2013/053, IMF Staff Country Reports from International Monetary Fund

Abstract: This report is an assessment of the state of compliance with the Basel Core Principles (BCPs) in Malaysia. Bank Negara Malaysia (BNM) employs a well-developed risk-focused regulatory and supervisory system, consisting of a hands-on and comprehensive program of onsite supervision and extensive offsite macroeconomic and microeconomic surveillance supervision. The assessment has revealed several opportunities for improvement of the regulatory and supervisory framework. The Executive Board recommends the new financial services legislation, the Financial Services Act (FSA), to address many of these gaps.

Keywords: ISCR; CR; risk management; holding company; BNM supervisor; BNM director; BNM guideline; BNM staff members; enforcement activity; financial system; internal auditor; RBC guideline; variation margin; capital market; financial market; credit risk; hedge fund; banking sector; Insurance companies; Capital markets; Insurance; Commercial banks; Global (search for similar items in EconPapers)
Pages: 77
Date: 2013-02-28
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