Introduction discuss about six things in this report.

Introduction

 

This
report is consists the overview of regulations financial institutions and all
supervision in Malaysia. In this report we will focuses on six things that we
think that it could be the most important things that all financial
institutions must have.  Before that, we
must make sure that, we know the meaning of the regulations. In simple word,
regulations can be defined as a rule that all financial institution must
follow.

As
I mention before, we will discuss about six things in this report. First of
all, we will discus about the regulatory framework. There are three main
regulatory in this framework. Second are authorities and regulators. In this
section the discussion is about the nature of the financial institution. Third
is we will discus about the banking license. Here, we will discuss about how a
bank can get the license and the procedure to get the license.

Next,
we will discuss about the forms of banks. There are many types of banks in
Malaysia and because of that, we must know the function of the every bank. Then
we will talk about the organization of bank in Malaysia. Lastly, we will discus
about the regulatory development and tropical trends.

Our
objectives report to know that every financial institution must have rule that
they follow. Yes, we know that, financial institutions have the power to give
the services to us however they can’t charge the interest based on they want.

BNM also want to secure the rights of the consumer. Beside that, this
regulations is also want to make sure that, the financial institutions have the
backup and to make sure the financial services can give the best services to
make sure economy stable.