Malaysia starts reviewing fintech regulatory framework
( May 12, 2016, 02:45 GMT | Insight) -- Malaysia's central bank says it has started assessing the regulatory framework governing fintech firms in view of the challenges such firms are posing to traditional banks, the Nikkei Asian Review reports.Malaysia's central bank says it has started assessing the regulatory framework governing fintech firms in view of the challenges such firms are posing to traditional banks, the Nikkei Asian Review reports. Bank Negara Malaysia Governor Mohammad Ibrahim said the review would look at the impact of fintech on financial institutions' risk management, new risks associated with fintech start-ups as a result of regulatory arbitrage, and the impact on consumers. ...
Prepare for tomorrow’s regulatory change, today
MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.
Know what others in the room don’t, with features including:
- Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
- Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
- Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
- Curated case files bringing together news, analysis and source documents in a single timeline
Experience MLex today with a 14-day free trial.