Financial Sector Assessment Program : Malaysia - Core Principles for Effective Deposit Insurance Systems
This assessment of compliance with the Core Principles for Effective Deposit Insurance Systems (Core Principles) was conducted as a part of the Financial Sector Assessment Program (FSAP) performed by the International Monetary Fund and the World Ba...
| Main Authors: | , |
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| Format: | Financial Sector Assessment Program (FSAP) |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2013
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2013/02/18015140/malaysia-core-principles-effective-deposit-insurance-systems-detailed-assessment-observance http://hdl.handle.net/10986/16021 |
| Summary: | This assessment of compliance with the
Core Principles for Effective Deposit Insurance Systems
(Core Principles) was conducted as a part of the Financial
Sector Assessment Program (FSAP) performed by the
International Monetary Fund and the World Bank at the
request of the Malaysian government. This assessment was
conducted by Claire McGuire, Senior Financial Sector
Specialist with the World Bank, during a mission to Malaysia
from March 27 to April 13, 2012. The assessment was based on
a review of relevant laws, regulations and regulatory and
supervisory practices related to the conventional banking
sector and the operations of PIDM. There has been no
experience with bank failures in Malaysia since Perbadanan
Insurans Deposit Malaysia (PIDM's) establishment in
2005. As a result the assessment looked at the relevant
provisions of the legal framework without consideration of
how the laws had been applied in practice or interpreted by
the courts. Several weaknesses in the legal framework have
been noted in this assessment. |
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