The Malaysian Financial System
Jessica Chew
Assistant Governor
Bank Negara Malaysia
21 April 2011
1
Let’s discuss the role of…
the financial system
bank negara malaysia
YOU
2
Landscape of the Malaysian financial system
BANK NEGARA MALAYSIA
SECURITIES COMMISSION stock broking companies markets payment & settlement systems
Islamic banks
(re)insurance companies (re)takaful operators insurance brokers/ adjustors
venture capital/private equity
asset/fund management companies
offshore insurance international
Islamic banks
international takaful operators
financial advisors financial planners dealers/ brokers
offshore fund management companies
money brokers
institutions
commercial banks development finance institutions
factoring & leasing companies
money market
investment banks
foreign exchange market
unit trust companies LABUAN
FSA
other offshore financial institutions debt securities market derivatives market equity market
payment system operators payment system issuers
clearing systems for securities / funds / cheques / derivatives
offshore banking non-bank financial intermediaries
provident & pension funds
Cagam as
cooperatives
Credit
Guarantee
Corporation
m oney lenders
housing credit institutions 3
A snapshot of the financial sector…
Diversified financial system
Strong financials
Contributes almost 12% of GDP
Workforce of 150,000
Regional presence
Global leader and centre for Islamic finance
Largest bond market in South East Asia
The financial sector and the economy
macroeconomy
household sector
financial sector
corporate sector
financial & property markets
5
Financial instability can cause serious breakdown in market functioning, with adverse