Malaysia: Publication of Financial Sector Assessment Program Documentation—Detailed Assessment of Observance of Insurance Core Principles
Electronic Access:
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Summary:
This report is an analysis of the insurance core principles of Malaysia. This assessment gives a clear understanding of the regulatory and supervisory framework of the insurance sector of Malaysia. Bank Negara Malaysia (BNM) is the best insurance regulator in this region. Six percent of the financial sector accounts for the insurance sector. The assessment did not reveal any current potential sources of significant risk to the Malaysian financial stability from its insurance industry. The Executive Board expects further enhancement for an effective insurance sector.
Series:
Country Report No. 2013/057
Subject:
Anti-money laundering and combating the financing of terrorism (AML/CFT) Capital adequacy requirements Corporate governance Crime Economic sectors Financial institutions Financial regulation and supervision Insurance Insurance companies
English
Publication Date:
March 8, 2013
ISBN/ISSN:
9781475513806/1934-7685
Stock No:
1MYSEA2013005
Pages:
84
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