Malaysia : Report on the Observance of Standards and Codes.

Format:

Book

Government document

Author/Creator:

International Monetary Fund. Asia and Pacific Department.

Contributor:

International Monetary Fund, issuing body.

World Bank, issuing body.

Series:

IMF Staff Country Reports; Country Report ; No. 2013/053

IMF Staff Country Reports

Language:

English

Subjects (All):

Banks and banking--State supervision--Malaysia.

Banks and banking.

Insurance--State supervision--Malaysia.

Insurance.

Physical Description:

1 online resource (78 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2013.

Language Note:

English

Summary:

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.

Contents:

Cover; Contents; Glossary; I. Basel Core Principles For Effective Banking Supervision; A. Summary; B. Institutional Setting and Market Structure Overview; C. Preconditions for Effective Banking Supervision; Boxes; 1. Islamic Banking in Malaysia; D. Main Findings; Tables; 1. Summary Compliance with the Basel Core Principles-Detailed Assessments; E. Key Findings and Recommended Action Plan; 2. Recommended Action Plan to Improve Compliance with the Basel Core Principles; F. Authorities' Response to the Assessment; II. Assessment of Insurance Core Principles (ICPs)

A. Summary, Key Findings, and RecommendationsB. Introduction and Scope; C. Overview: Institutional and Macro Prudential Setting; Figures; 1. Insurance Sector: Composition of Assets; 2. Insurance Sector: Component of Market Risk Exposures; D. Preconditions for Effective Insurance Supervision; E. Key Findings and Recommendations; 3. Summary Implementation of the ICPs; 4. Recommendations to Improve Observance of the ICPs; F. Authorities' Response to the Assessment; III. IOSCO Objectives and Principles of Securities Regulation; A. Summary, Key Findings, and Recommendations

B. Institutional and Market Structure-OverviewC. Preconditions for Effective Securities Regulation; D. Main Findings; 5. Summary Implementation of the IOSCO Principles-Detailed Assessments; E. Summary Implementation and Recommended Action Plan; 6. Recommended Action Plan to Improve Implementation of the IOSCO Principles; F. Authorities' Response to the Assessment; IV. Core Principles for Effective Deposit Insurance Systems (IADI); A. Methodology Used for the Assessment; B. General Preconditions for an Effective Deposit Insurance System; C. Well-Developed Legal Framework

D. Sound Accounting and Disclosure RegimeE. Main Findings; F. Malaysia's Islamic Deposit Insurance System; G. Summary of Compliance and Recommended Actions; 7. Summary of Compliance with the Deposit Insurance Core Principles; 8. Recommended Action Plan-Deposit Insurance Core Principles; V. Summary Assessment of Observance of the CPSS-IOSCO Principles for Financial Market Infrastructures; A. Introduction; B. Institutional and Market Structure; C. Payments System and Bond Clearing and CSD; D. Securities Clearing and CCP; E. Central Securities Depository; F. Key Recommendations for FMIs

9. FMI Recommendations-RENTAS (RTGS, CSD and SSS)10. FMI Recommendations-BMDC; 11. FMI Recommendations-BMSC; 12. FMI Recommendations-BMDepo; G. Authorities' Response to the Assessment; 13. FMI Recommendations-Authorities

Notes:

February 2013.

Description based on online resource; title from PDF title page (ebrary, viewed September 29, 2014).

ISBN:

9781475536324

1475536321

9781475580013

1475580010

9781299395312

1299395317

9781475582208

147558220X