Tag: BNM
Bank Negara issues exposure draft on licensing and regulatory framework for DITOs
Bank Negara Malaysia has published an exposure draft detailing regulatory guidelines for Digital Insurers and Takaful Operators. The proposed framework aims to enhance market inclusiveness, competition, and operational efficiency while establishing clear licensing and business model standards for digital insurance providers.
BNM’s international reserves rise to US$111bil as at June 15
Bank Negara Malaysia's foreign exchange reserves increased to US$111 billion, with reserves sufficient to cover 1.2 times imported goods and 8.5 months of short-term foreign debt. The reserves primarily consist of foreign exchange, IMF reserve position, special drawing rights, gold, and other currency reserves.
