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Bank Negara reminds financial institutions of their reporting obligations

This follows recent crackdown on offshore ringgit NDF (non-deliverable forward) market
Wednesday, December 28, 2016 - 05:50

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Following its recent clampdown on the offshore ringgit NDF (non-deliverable forward) market to curb speculative activities on the currency, Bank Negara has reminded financial institutions their reporting obligations under the Financial Services Act 2013 (FSA), which requires them to promptly notify the central bank of any "significant findings."

Kuala Lumpur

FOLLOWING its recent clampdown on the offshore ringgit NDF (non-deliverable forward) market to curb speculative activities on the currency, Bank Negara has reminded financial institutions their reporting obligations under the Financial Services Act 2013 (FSA), which requires

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