Malaysia: Publication of Financial Sector Assessment Program Documentation—Detailed Assessment of Basel Core Principles for Effective Banking Supervision

March 8, 2013

Preview Citation

Format: Chicago

Malaysia: Publication of Financial Sector Assessment Program Documentation—Detailed Assessment of Basel Core Principles for Effective Banking Supervision, (USA: International Monetary Fund, 2013) accessed December 21, 2024

Summary

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.

Subject: Banking, Capital adequacy requirements, Credit risk, External audit, Financial regulation and supervision, Market risk, Operational risk, Public financial management (PFM), Stress testing

Keywords: Banking group, Banking institution, BNM guideline, BNM supervisor, Capital adequacy requirements, Country risk, CR, Credit risk, External audit, Global, ISCR, Market risk, Operational risk, Risk management, Risk specialist, Senior management

Publication Details

Pages:

120
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/056
Stock No:

1MYSEA2013004
ISBN:

9781475514773
ISSN:

1934-7685

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