25.03.2010 - Malaysia: New financial system blueprint being drawn up
From Thestar.com.my: A new blueprint for the financial sector is being drawn up to realise the nation’s vision of becoming a developed economy by 2020. Another key milestone in the coming years is the review currently undertaken on the existing legislations governing financial institutions and intermediaries. While the new Central Bank of Malaysia Act 2009 reinforces Bank Negara’s mandates on preserving monetary and financial stability, the proposed enhanced legislation will provide further clarity to its powers, supporting a differentiated regulatory and supervisory regime that best achieves the mandates given to the central bank, including promoting a sound, progressive and inclusive financial sector...................................Full Article: Source
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