Bank Negara Malaysia is the central bank of Malaysia, established in 1959. BNM administers monetary policy, manages foreign reserves, regulates the financial system, and issues currency. It plays a crucial role in overseeing the stability and integrity of Malaysia's financial sector.
About Bank Negara Malaysia
Bank Negara Malaysia (BNM) is the central bank of Malaysia, established on 26 January 1959 under the Central Bank of Malaysia Act. BNM is responsible for promoting monetary stability and financial stability conducive to the sustainable growth of the Malaysian economy. In addition to monetary policy, BNM regulates and supervises financial institutions to ensure a sound and robust financial system.
Regulatory Framework
Financial institutions in Malaysia, including those offering foreign exchange services, are regulated under the Financial Services Act 2013 and the Islamic Financial Services Act 2013. BNM licenses and supervises banks, insurers, money services businesses, and payment system operators, applying a risk-based supervisory approach aligned with international standards.
- Perbadanan Insurans Deposit Malaysia (PIDM) deposit protection
- Licensing requirements under the Financial Services Act 2013
- Anti-money laundering and countering financing of terrorism compliance
- Consumer protection standards and fair treatment requirements
BNM is the central bank handling monetary policy and banking supervision. Works alongside SC Malaysia.
Body: Ombudsman for Financial Services (OFS)
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MAS
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JFSA
AATier 1Japan Financial Services Agency
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SFC
AATier 1Securities and Futures Commission
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DFSA
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SC
ATier 2Securities Commission Malaysia
The Securities Commission Malaysia is a statutory body established under the Securities Commission Act 1993 to regulate and develop the Malaysian capital market. The SC oversees all matters relating to securities and futures contracts, the regulation of companies and licensees, and the development of the capital market.
SCA
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