Financial Services Policy
The main agenda for the development of the financial services sector is to increase the resilience, efficiency and competitiveness of the sector, which provides support towards strengthening economic growth.
The key initiatives for the financial services are as follows:
- Promote greater use of digital technologies and provide regulatory support towards creating a cashless society, lowering cost of transaction and widening access to underserved customers
- Enhance development of Islamic finance through the adoption of a value-based intermediation
- Position Malaysia as a regional sustainable and responsible investment (SRI) centre and promote green financing as a new asset class
- Facilitate channelling of private investments into companies with growth potential through measures to spur venture capital and private equity industry as well as alternative investments