Malaysia continues to maintain liberal Foreign Exchange (FE) Policy which is part of broad prudential tool kits to preserve monetary and financial stability. Bank Negara Malaysia (BNM) is committed in ensuring the FE Policy continues to support the competitiveness of the economy through facilitation of a more conducive regulatory environment for cross-border economic activities. The FE Policy has become a ‘compliance-focused’ area among financial institutions in Malaysia where the banking officers will need comprehensive understanding to ensure reasonable compliance to the FE Policy and adopt market standards in due diligence process.
This intermediate level training programme is jointly developed by the Foreign Exchange Policy (FEP) Department of BNM and Asian Banking School (ABS), which aims to educate participants from the banking industry on the interpretation of terms and key rules of FE Policy. This interactive programme encompasses two parts, (1) briefing session of the key terms and rules in the respective notices of the policy by the speakers and (2) group discussion on case scenario specific to each FE Notices, facilitated by subject matter experts from BNM-FEP Dept. In addition, participants would have the opportunity to raise any concerns or issues on FE Policy, faced in their respective banks by direct engagement with the trainers and speakers who are highly proficient in the FE Policy. A Head of Treasurer from an onshore bank will also be invited to enlighten participants on the importance of FE Policy from macro-economic perspectives. Participants will also involve in a group discussion on ‘comprehensive case study’ in Day 3 to enhance participants’ learning on the applications of the entire FE policy.
Upon completion of this programme, participants will be recognised as a point of reference at their banking institution in dealing with matters related to FE policies.