Malaysia sees the need for good compliance practice

Similarly, RHB Research Institute said it expected the central bank to maintain the OPR at 3.25% as this would maintain the stability of the ringgit versus the US dollar against the backdrop of ongoing monetary tightening by the US Federal Reserve and the greenback

KUALA LUMPUR: Local industries and governance regulators, in particular Bank Negara, have the desire and also see the need for good compliance practice, says the International Compliance Association (ICA).

Regional director (Asia Pacific) Andrew Glover said this was clearly seen in the steps taken by Bank Negara over the last few years to search for global best practices and bringing them to Malaysia.