ID :
170300
Wed, 03/23/2011 - 15:45
Auther :
Shortlink :
https://oananews.org//node/170300
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M'SIA'S NEW FINANCIAL SECTOR BLUEPRINT WILL SEE CHANGES ACROSS THE BOARD
KUALA LUMPUR, March 23 (Bernama) -- The new financial sector blueprint will see changes across the board in the banking, insurance, money and foreign exchange market, said Bank Negara Malaysia Governor Dr Zeti Akhtar Aziz.
She said the blueprint, scheduled to be unveiled in June, will set the course for the development of the Malaysian financial sector from 2011 to 2020.
"There will be greater leverage on technology and how we can enhance the capacity of the financial system to best serve new areas of requirements of a higher value-added economy or more developed economy," the central bank governor said in conjunction with the release of the bank's Annual Report 2010 and Financial Stability and Payment Systems Report 2010, here Wednesday.
Zeti added the central bank would look at the range of products and services required but not available at present.
The Governor also said Bank Negara's outreach programme will expand from basic services to include a whole range of services.
In the Islamic finance area, efforts would be made for Malaysia to become a ibrant international Islamic financial centre and thought leadership for Islamic finance.
"Of course, we want to increase international and regional financial integration," she said, adding that a number of initiatives have been taken which included payment infrastructure and having closer collaboration between regulators.
Zeti also said the country was expanding on all fronts and there would be new measures and institutional arrangements to strengthen financial stability.
She said the blueprint, scheduled to be unveiled in June, will set the course for the development of the Malaysian financial sector from 2011 to 2020.
"There will be greater leverage on technology and how we can enhance the capacity of the financial system to best serve new areas of requirements of a higher value-added economy or more developed economy," the central bank governor said in conjunction with the release of the bank's Annual Report 2010 and Financial Stability and Payment Systems Report 2010, here Wednesday.
Zeti added the central bank would look at the range of products and services required but not available at present.
The Governor also said Bank Negara's outreach programme will expand from basic services to include a whole range of services.
In the Islamic finance area, efforts would be made for Malaysia to become a ibrant international Islamic financial centre and thought leadership for Islamic finance.
"Of course, we want to increase international and regional financial integration," she said, adding that a number of initiatives have been taken which included payment infrastructure and having closer collaboration between regulators.
Zeti also said the country was expanding on all fronts and there would be new measures and institutional arrangements to strengthen financial stability.
