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Payments Network Malaysia Sdn Bhd (PayNet) is the national payments network and shared central infrastructure for Malaysia’s financial markets. It was formed from the merger between the Malaysian Electronic Payment System (MEPS) and Malaysian Electronic Clearing Corporation Sdn Bhd (MyClear) on 1 August 2017. [1]
The Central Bank of Malaysia (BNM; Malay: Bank Negara Malaysia; Jawi: بڠک نݢارا مليسيا ) is the Malaysian central bank.Established on 26 January 1959 as the Central Bank of Malaya (Bank Negara Tanah Melayu), its main purpose is to issue currency, act as the banker and advisor to the government of Malaysia, and to regulate the country's financial institutions, credit system and ...
On 1 March 1993, the Securities Commission Malaysia was established as a self-funded statutory body. The body functions to serve as the authority in developing and maintenance of a secure, efficient and orderly operations of the capital markets in Malaysia.
Bank Negara Monetary Notes (BNMN) are securities issued by Central Bank of Malaysia replacing the existing Bank Negara Bills (BNB) for purposes of managing liquidity in both the conventional and Islamic financial market.
The Malaysian Electronic Payment System (MEPS) is an interbank network service provider in Malaysia.In August 2017, MEPS merged with Malaysian Electronic Clearing Corporation Sdn Bhd (MyClear) to form Payments Network Malaysia Sdn Bhd (PayNet).
Ringgit Operations Monitoring System (ROMS) is a large-value foreign exchange transaction reporting system owned and operated by Bank Negara Malaysia (BNM), the central bank of Malaysia. It automates a major part of compliance reporting between Authorised Dealers (who are licensed FX intermediaries) and Bank Negara Malaysia (BNM).
Since its establishment in 1959, the BNM has been headed by 10 governors. Section 15 (1) of the Central Bank of Malaysia Act 2009 states that the Governor is appointed by Yang di-Pertuan Agong , the Supreme Head of Malaysia whilst the Deputy Governor is appointed by the Finance Minister.
Status: In force The Financial Services Act 2013 ( Malay : Akta Perkhidmatan Kewangan 2013 ), is a Malaysian law which was enacted to provide for the regulation and supervision of financial institutions, payment systems and other relevant entities and the oversight of the money market and foreign exchange market to promote financial stability ...