CENTRAL BANK (BNM)
THE NEED FOR CENTRAL BANK
Prudent conduct of monetary policy
Financial system stability
Developmental role
Promotes financial inclusions
Banker and advisor to the Government
OBJECTIVES
Stability in ringgit's purchasing power
High level of employment
Reasonable position of balance of payments
Stable economic growth
Eradication of poverty
Restructuring of society
Rising living standard
FUNCTIONAL AREAS
Economics and Monetary Policy
Investment and Operations
Regulation
Payment Systems
Supervision
Organisational development
Communication
FUNCTIOS OF BNM
Banker for currency issue
Keeper of international reserrves
Government banker and Financial advisor
Responsible for Monetary policy
Banker to Banks
FSA 2013
IFSA 2013
ADMINISTERED LEGISLATION
Central Bank of Malaysia Act 2009
BAFIA 1989
Exchange Control Act 1953
Islamic Banking Act 1983
Insurance Act 1996
Takaful Act 1984
Development Financial Institution Act 2002
Money Changing Act 1998
Payment System Act 2003
Anti-Money Laundering and Anti-Terrorism Financing Act 2001