BNM Finalizes Paper on Value-Based Intermediation in Islamic Banking
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
Previous Article
Danièle Nouy of ECB Speaks on Good Governance for Good DecisionsRelated Articles
|
News
FDIC Consults on Approach to Resolution Planning for IDIsFDIC approved an Advance Notice of Proposed Rulemaking (ANPR) and is seeking comment on ways to tailor and improve its rule requiring certain insured depository institutions (IDIs) to submit resolution plans.
April 22, 2019
WebPage
Regulatory News
|
|
News
EP Resolution on Proposal for Sovereign Bond Backed SecuritiesThe European Parliament (EP) published adopted text on the proposal for a regulation of the European Parliament and of the Council on sovereign bond-backed securities (SBBS).
April 16, 2019
WebPage
Regulatory News
|
|
News
HKMA Decides to Maintain Countercyclical Capital Buffer at 2.5%HKMA announced that, in accordance with the Banking (Capital) Rules, the countercyclical capital buffer (CCyB) ratio for Hong Kong remains at 2.5%.
April 16, 2019
WebPage
Regulatory News
|
|
News
EP Approves Agreement on Package of CRD 5, CRR 2, BRRD 2, and SRMR 2The European Parliament (EP) approved the final agreement on a package of reforms proposed by EC to strengthen the resilience and resolvability of European banks.
April 16, 2019
WebPage
Regulatory News
|
|
News
PRA Finalizes Policy on Approach to Managing Climate Change RisksPRA published the policy statement PS11/19, which contains final supervisory statement (SS3/19) on enhancing banks’ and insurers’ approaches to managing the financial risks from climate change (Appendix).
April 15, 2019
WebPage
Regulatory News
|
|
News
PRA Seeks Input and Issues Specifications for Insurance Stress TestsPRA announced that it will conduct an insurance stress test for the largest regulated life and general insurers from July to September 2019.
April 15, 2019
WebPage
Regulatory News
|
|
News
EBA Single Rulebook Q&A: First Update for April 2019EBA published answers to nine questions under the Single Rulebook question and answer (Q&A) updates for this week.
April 12, 2019
WebPage
Regulatory News
|
|
News
FED Updates Form and Supplemental Instructions for FR Y-9C ReportingFED updated the form and supplemental instructions for FR Y-9C reporting. FR Y-9C is used to collect data from domestic bank holding companies, savings and loan holding companies, U.S intermediate holding companies, and securities holding companies with total consolidated assets of USD 3 billion or more.
April 11, 2019
WebPage
Regulatory News
|
|
News
EIOPA Statement on Application of Proportionality in SCR SupervisionEIOPA published a supervisory statement on the application of proportionality principle in the supervision of the Solvency Capital Requirement (SCR) calculated in accordance with the standard formula.
April 11, 2019
WebPage
Regulatory News
|
|
News
ISDA Publishes Statement on FRTB Implementation in Emerging MarketsISDA published a statement that outlines challenges in implementation of the new Basel III market risk standard for banks in emerging markets.
April 11, 2019
WebPage
Regulatory News
|
