A stronger integrated regulatory framework for Malaysia
Source: Asia Insurance Review | Jul 2013
With the proposed Financial Services Act slated to come on stream this year, insurers as well as takaful operators have been preparing hard. The impact of this regulation is significant as Bank Negara seeks to promote financial stability with this stronger and integrated framework for the finance and banking sector. Growth prospects are still good with expectations of good potential from the bancassurance, takaful and retirement sectors.
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