Bank Negara Malaysia to ramp up misconduct supervision, says Ibrahim

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Bank Negara Malaysia (BNM) will implement a new transparency framework at the beginning of 2018 as an added deterrence against misconduct, the central bank’s governor announced on May 13.

Speaking in Kuala Lumpur, Muhammad bin Ibrahim spoke about the importance of upholding a level of “professionalism” and the risks to integrity and confidence caused by financial misconduct.

“We have made significant progress to professionalise the banking industry,” Ibrahim said, but noted there were still a