Bursa remains in the spotlight

THE issue of the Employees Provident Fund’s (EPF) right to vote in the mega-banking merger has thrust Bursa Malaysia into the limelight, highlighting the challenging task the exchange has as regulator, while also balancing this role with ensuring an efficient market place.

It is no longer being disputed that Bursa’s decision to disallow the EPF to vote as a shareholder of RHB Capital Bhd (RHB Cap) and Malaysia Building Society Bhd (MBSB) is having a major impact on the proposed banking merger between these institutions and CIMB Group Holdings Bhd.