ASIA REGULATORY ROUND UP – MALAYSIA DEMANDS SYSTEM BANKS BOOSTS RESERVES TO PROTECT AGAINST CRASHES
January 1st, 2020
THE MALAYSIAN government has issued a Domestic Systemically Important Banks (D-SIB) Framework, which tells financial institutions of importance to Malaysia’s wider economy to hold minimum levels of reserves to protect themselves against troubled times. Mandatory ‘higher loss absorbency’ (HLA) requirements for listed systemic banks, ranging between 0.5% to 1.0% of risk-weighted assets, will come into force from January 31, 2021. See https://www.bnm.gov.my/index.php?ch=57&pg=137&ac=915&bb=file and ...
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