Malaysia continues to maintain liberal foreign exchange (FE) policies which are part of broad prudential tool kits to preserve monetary and financial stability. Bank Negara Malaysia (BNM) is committed in ensuring the FE policies continue to support the competitiveness of the economy through facilitation of a more conducive regulatory environment for cross-border economic activities. The FE policies have become a ‘compliance-focused’ area among financial institutions in Malaysia where the bank officers will need comprehensive understanding to ensure reasonable compliance to the FE policies and adopt market standards in due diligence process.
This intermediate level training programme on FE policies 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 FE policies. This interactive programme comprises of discussions on specific case studies under each of the FE Notices to enhance participants’ understanding and application in relation to FE policies and banking transactions. At the end of each day, participants will join a focus group discussion facilitated by subject matter experts from the FEP Department of BNM to address any issue faced by their banking institution. Participants will be briefed by an invited Head of Treasurer of an onshore bank about the FE policies from macro-economic perspectives. A ‘comprehensive case studies’ session is also included to enhance participants’ learning on the applications of the entire FE policies.
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.