Bank Negara Malaysia (BNM) has been named as the winner of Bank Regulator of the Year in the Asia Pacific Region and Best Conduct of Business Regulator Award for 2012 during the Asian Banker Risk & Regulation Conference. The Central Bank received the award at the Asian Banker Summit 2012 held at the Bangkok Convention Centre on April 25th, 2012.
BNM has demonstrated exemplary supervision and rigorous conduct, successfully steering Malaysia's financial system to emerge mostly unscathed through the global financial crisis. It has strategically positioned and promoted Malaysia as the leading Islamic financial hub in Asia, at the forefront of the international market in Islamic finance. Islamic banking now accounts for 20% of the Malaysian banking system and the Sukuk market, representing more than 50% of the Malaysian bond market.
BNM formulated various measures and policies, such as its 'Guidelines on Responsible Finance', launching a series of moves to liberalize its financial sector to facilitate cross-border business transactions and enhance business efficiency, as well as placing emphasis on consumer protection, exhibiting rigorous yet responsible supervisory conduct.
About 1,000 delegates attended the Asian Banker Summit 2012, consisting of industry specialists, senior bankers, regulators, service providers and decision makers from leading institutions in Asia, the US, Europe and Latin America, where opinions and responses of practitioners from across the region to global issues are shaped.
The awards programme, administered by The Asian Banker is Asia's most important annual risk event featuring leading practitioners from a cross-section of banks and global regulators on a number of critical areas affecting the banking industry.
Source: Jabatan Komunikasi Korporat, Bank Negara Malaysia