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FUNCTION OF TREASURY (BANK NEGARA), 1, 2, 3, 4, 5, 6 - Coggle Diagram
FUNCTION OF TREASURY (BANK NEGARA)
WHAT?
• To provide advice on macroeconomic policies and management of public debt.
• To facilitate improvements in payment services and market developments (Bank Negara, 2020)
• To oversee the nation’s payment systems infrastructure which emphasize on efficiency and security of financial systems.
• To promote monetary policy and responsible for financial stability.
• Implement initiatives to deepen and strengthen the financial markets, including the foreign exchange market.
WHY?
• Focusing on containing systemic risks and reducing the overall risks in the payment systems in ensuring the reliability of the major payment and settlement systems. (Bank Negara, 2020)
• Formulates regulatory framework and conducts oversight on both large value and retail payment systems.
• To ensure society and all economic sectors have access to financial services.
• To provide a conducive environment for a sustainable growth on Malaysian economy.
HOW?
• By developing a sound, resilient, progressive and diversified financial sector which serves to support the sectors of the real economy.
• By developing a sound, resilient, progressive and diversified financial sector which serves to support the sectors of the real economy.
• Undertakes active consultation and cooperation with market players and stakeholders (Bank Negara, 2020)
MANDATE
• To recommend on appropriate strategies and action plans to develop the Malaysian financial market.
• To promote market best practices and enhancing market integrity and professionalism (Mr. Ringgit, 2016)
• To identify potential developments, structural trends and risks affecting the Malaysian financial market.
REFEENCES
Bank Negara, (2020) , Role of Bank Negara Malaysia: Bank Negara Malaysia: Central Bank of Malaysia, Retrieved from 1st May 2020
https://www.bnm.gov.my/index.php?ch=ps&pg=ps_mps_bnm&ac=175&lang=en
Bank Negara, (2020), Overview: Bank Negara Malaysia: Central Bank of Malaysia Retrieved from 1st May 2020
https://www.bnm.gov.my/index.php?ch=en_fxmm_mo&pg=en_fxmm_fmc&ac=451&lang=en
Bank Negara, (2020), Overview: Bank Negara Malaysia: Central Bank of Malaysia Retrieved from 1st May 2020
https://www.bnm.gov.my/index.php?ch=en_fxmm_mo&pg=en_fxmm_fmc&ac=451&lang=en
Mr. Ringgit, (2016), Role of Bank Negara Malaysia: Bank Negara Malaysia: Central Bank of Malaysia , Retrieved from 1st May 2020,
http://mrringgit.blogspot.com/2016/01/Roles-and-Functions-of-BNM.html
WHEN?
• It started operations on 26th January 1959.
• Bank Negara Malaysia is governed by the Central Bank of Malaysia Act 2009 (Bank Negara, 2020)
• The Central Bank of Malaysia or known as Bank Negara Malaysia is a statutory body.
Supported by 39 departments/units in the Bank that covers seven functional areas
Regulation
Payment Systems
Investment and Operations
Supervision
Economics & Monetary Policy
Organizational Development
Communications (Bank Negara, 2020)
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