Banking and Financial Institutions Act 1989 (BAFIA).
What is the legal framework for banking regulation? The Financial Services Act 2013 (FSA) is the key statute governing the conventional finance industry (see Question 2).
It replaced the Banking and Financial Services Act 1989, the Insurance Act 1996, the Payment Systems Act 2003 and the Exchange Control Act 1953..
Unless BNM specifies otherwise, a licensed investment bank under the FSA cannot carry on any business or activity in or outside Malaysia except in connection with or for the purposes of its authorised business
Investment banks are, however, allowed to provide Islamic banking services, subject to the prior written approval of BNM
He has also co-authored several books related to business and commercial law
The first edition of Banking Law was published in 1995
In the 25 years since then, with the advent of electronic, internet, and mobile banking, this area of law in Malaysia has undergone many changes
This information is beneficial to a vast audience, including :,regulators, supervisors, bankers, professionals, corporations and businesses, and students
In line with the previous publications, this new edition provides crucial insight into the wide areas of banking law but remains in a format easy to understand
Term describing various communities designated as indigenous in Malaysia
Term describing various communities designated as indigenous in Malaysia
