KUALA LUMPUR: Bank Negara Malaysia (BNM) is seeking feedback on a proposed three-year roadmap for the full transition to Malaysia Overnight Rate (MYOR) and Malaysia Islamic Overnight Rate (MYOR-i) alongside the cessation of the Kuala Lumpur Interbank Offered Rate (KLIBOR).
The central bank said the proposed timeline provides ample opportunity for market participants to prepare for and support the transition to new financial products, referencing MYOR/MMYOR-i.
