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Malaysia: Publication of Financial Sector Assessment Program Documentation—Detailed Assessment of Basel Core Principles for Effective Banking Supervision
Author:
International Monetary Fund. Monetary and Capital Markets Department
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2013: Issue 056
Language:
English
Publication Date:
08 Mar 2013
DOI:
https://doi.org/10.5089/9781475514773.002
ISBN:
9781475514773
ISSN:
1934-7685
Pages:
120
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
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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.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund