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Malaysia: Report on the Observance of Standards and Codes
Author:
International Monetary Fund. Asia and Pacific Dept
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2013: Issue 053
Language:
English
Publication Date:
28 Feb 2013
DOI:
https://doi.org/10.5089/9781557753892.002
ISBN:
9781557753892
ISSN:
1934-7685
Pages:
77
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
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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.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund