Bank Negara Malaysia ("BNM") and Perbadanan Insurans Deposit Malaysia ("PIDM") have established a policy framework to implement recovery and resolution planning (“RRP”) for financial institutions in Malaysia. The RRP framework seeks to put in place an effective and efficient process to enhance supervisability, recoverability and resolvability of financial institutions, by incorporating essential RRP elements into the domestic regulatory, supervisory and resolution regimes.
BNM is the lead authority in recovery planning while PIDM is the lead authority in resolution planning.
DETAILS OF THE SEMINAR
As part of the RRP implementation process, BNM and PIDM wish to inform and articulate to the industry the importance and need for RRP in Malaysia, as well as the implementation approach and plan for Malaysia. In this regard, BNM and PIDM are jointly organising an industry-wide seminar on RRP to be held at the venue, date and time set out below:
Venue : Sasana Kijang, BNM
Date : 13 July 2017 (Thursday)
Time : 9:00am - 2:00pm
In conjunction with the Seminar, BNM and PIDM launched a video to introduce RRP to the industry. To view the video, please click on the image below or you can download it here.
PIDM protects your deposits in the bank as well as your takaful and insurance benefits in the unlikely event of a failure of a member bank or a takaful operator / insurance company.