SC, BNM, PIDM plan framework for over-the-counter derivatives markets (Update)

KUALA LUMPUR: The Securities Commission (SC), Bank Negara Malaysia (BNM) and PerbadananInsurans Deposit Malaysia (PIDM) are developing a framework to enhance the transparency of over-the-counter (OTC) derivatives markets in Malaysia.

In a joint statement issued on Wednesday, they said the notional outstanding amount of OTC derivatives in Malaysia increased from RM338mil in 2003 to about RM1.3 trillion as at June 2013 and this move was consistent with global regulatory efforts in this area.