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Malaysia: Publication of Financial Sector Assessment Program Documentation—Detailed Assessment of Observance of Insurance Core Principles
Author:
International Monetary Fund. Monetary and Capital Markets Department
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2013: Issue 057
Language:
English
Publication Date:
08 Mar 2013
DOI:
https://doi.org/10.5089/9781475513806.002
ISBN:
9781475513806
ISSN:
1934-7685
Pages:
84
Keywords:
ISCR; CR; risk management; BNM supervisor; takaful operator; BNM guideline; corporate governance; BNM staff; BNM guidance; Insurance companies; Insurance; Capital adequacy requirements; Corporate governance; Anti-money laundering and combating the financing of terrorism (AML/CFT); Global
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This report is an analysis of the insurance core principles of Malaysia. This assessment gives a clear understanding of the regulatory and supervisory framework of the insurance sector of Malaysia. Bank Negara Malaysia (BNM) is the best insurance regulator in this region. Six percent of the financial sector accounts for the insurance sector. The assessment did not reveal any current potential sources of significant risk to the Malaysian financial stability from its insurance industry. The Executive Board expects further enhancement for an effective insurance sector.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund