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Bank Negara on Islamic mega banking licence
by hlk Wed 27 Jun 2012, 07:44
KUALA LUMPUR: Bank Negara said applications for Islamic mega bank licences are market-driven and private sector-led.
“Those
entities exploring the possibility of participating as an investor will
determine their own course of action based on their assessment of the
business viability of the investment,” it said in a statement yesterday.
Stringent
criteria and assessments by Bank Negara would be applied on prospective
investors and the licensee as required by the law, it said.
Bank Negara said entities applying for Islamic mega bank licences were required to meet all its existing rules and regulations.
“A
full licence will only be awarded once all legal and regulatory
requirements are met,” the central bank said. in updating the status of
Islamic mega bank licences. — Bernama
“Those
entities exploring the possibility of participating as an investor will
determine their own course of action based on their assessment of the
business viability of the investment,” it said in a statement yesterday.
Stringent
criteria and assessments by Bank Negara would be applied on prospective
investors and the licensee as required by the law, it said.
Bank Negara said entities applying for Islamic mega bank licences were required to meet all its existing rules and regulations.
“A
full licence will only be awarded once all legal and regulatory
requirements are met,” the central bank said. in updating the status of
Islamic mega bank licences. — Bernama
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