Banking Laws In Malaysia

The Path To The Future

Authors

  • Kalavathy Maruthavanar

Keywords:

BNM, Bank Negara Malaysia, Central Bank of Malaysia Act 1958, Banking and Financial Institutions Act 1989, Islamic Banking Act 1983, Offshore Banking Act 1990, BAFIA

Abstract

The banking system in Malaysia consists of two tiers. The first tier is the Central Ban of Malaysia, which is locally known as "Bank Negara Malaysia". BNM is set up pursuant to the Central Bank of Malaysia Act 1958. The role of BNM is set out in section 4 of the aforesaid Act. BNM is basically a bank to the Government and acts as a watchdog over commercial banks and financial institutions. 

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Published

2000-06-01

How to Cite

Maruthavanar, K. (2000). Banking Laws In Malaysia: The Path To The Future. Journal of Malaysian and Comparative Law, 27(1 and 2), 181–206. Retrieved from http://adum.um.edu.my/index.php/JMCL/article/view/16194

Issue

Vol. 27 (2000): Journal of Malaysian and Comparative Law

Section

Articles