The financial-technology industry’s rapid growth is posing new regulatory challenges for the integrity, safety and soundness of the financial system. In this light, on 2nd June 2016 Bank Negara Malaysia (BNM) announced the establishment of a Financial Technology Enabler Group (FTEG), which will be responsible for formulating and enhancing regulatory policies to facilitate the adoption of technological innovations in the Malaysian financial services industry.
Full article: New Fintech Regulatory Framework
Article Written by:
Neoh Lian Hui
Associate
lianhui@abdullahchan.my