BNM Finalizes Paper on Value-Based Intermediation in Islamic Banking

By Regulatory News

March 22, 2018

BNM published the finalized strategy paper and feedback statement on value-based intermediation (VBI). The paper articulates strategies to strengthen the roles and impact of Islamic banking institutions toward providing positive and sustainable values to the economy, community, and environment. The strategies are envisaged to promote the application of VBI practices, which will lead to an improved suite of products and services offered by the Islamic banking institutions. These strategies are expected to be adopted and implemented based on the readiness of each Islamic banking institution.

BNM launched a consultation on this strategy paper on July 20, 2017 and received written feedback from respondents with diverse backgrounds. The respondents include financial institutions, talent institutions, consultants, and individuals, both local and international. An engagement session with the industry representatives was also held to discuss the feedback and suggestions in depth. Relevant comments and suggestions received have been incorporated in this finalized strategy paper. The necessary clarification and elaboration on commonly asked questions are also provided in the feedback statement, which covers the following key areas:

Definition of VBI
Potential implication of VBI adoption to business modality and risk management
Implementation approach of VBI strategies
Streamlining adoption of VBI with existing initiatives

Related Links

Keywords: Asia Pacific, Malaysia, Banking, Islamic Banking, Value-based Intermediation, Strategy Paper, BNM

EBA Single Rulebook Q&A: First Update for April 2018

IOSCO Issues Report on Improving Information on Corporate Bond Markets


News APRA Consults to Standardize Submission Date for Quarterly Reporting APRA proposed to standardize quarterly reporting due dates for authorized deposit-taking institutions. The proposed standardized due date is 35 calendar days after the last day of the reference quarter, which will create a 14-calendar-day extension for credit unions and building societies. November 08, 2019 WebPage Regulatory News
News EBA Publishes Methodology and Draft Templates for Stress Tests in 2020 EBA published a package for the 2020 EU-wide stress test exercise for banks. November 07, 2019 WebPage Regulatory News
News EC Publishes Results of Fitness Check of Reporting Requirements in EU EC published results of the fitness check of supervisory reporting requirements in financial services legislation in EU. November 07, 2019 WebPage Regulatory News
News BCBS Assesses NSFR and LE Rules in Argentina and China as Compliant BCBS published reports that assess the implementation of net stable funding ratio (NSFR) and large exposures, or LE, framework in Argentina and China. November 07, 2019 WebPage Regulatory News
News FSB Publishes Summary of Plenary Meeting in Paris At the meeting, the Plenary reviewed vulnerabilities in the global financial system, fintech developments (including developments in the crypto-asset markets), ongoing work of FSB, and the work program for 2020. November 07, 2019 WebPage Regulatory News
News HKMA Highlights Technology Initiatives at the Hong Kong FinTech Week HKMA co-organized, with InvestHK, the Hong Kong FinTech Week 2019, which was a five-day flagship fintech event that attracted thousands of attendees worldwide. November 06, 2019 WebPage Regulatory News
News ECB Report on Fallback Provisions in Contracts Referencing EURIBOR ECB published a report, by private sector working group on euro risk-free rates, presenting recommendations for fallback provisions in contracts for cash products and derivative transactions referencing EURIBOR. November 06, 2019 WebPage Regulatory News
News EC Regulation on Homogeneity of Underlying Exposures in Securitization EC published the Delegated Regulation 2019/1851 regarding the regulatory technical standards on the homogeneity of the underlying exposures in securitization. November 06, 2019 WebPage Regulatory News
News FSI Examines Regulatory Approaches on Climate Risk Assessment The Financial Stability Institute (FSI) of BIS published a paper that examines the regulatory approaches being used for climate risk assessment in the insurance sector, in particular through enterprise risk management (ERM) frameworks. November 06, 2019 WebPage Regulatory News
News SRB Launches Q&A Process for Resolution Reporting SRB has setup a dedicated solution for raising questions on the resolution reporting. November 06, 2019 WebPage Regulatory News

RESULTS 1 - 10 OF 4112