The Central Bank of Malaysia has released an updated draft to the exposure draft to the virtual banking framework.
The key changes on the updated draft are as follows:
- Capital adequacy requirements. The Basel II capital framework has been further simplified on calculation of risk categories for risk-weighted assets.
- Liquidity requirements. 25% of the digital bank’s on-balance sheet liabilities must be held in high-quality liquid assets.
A full copy of the updated draft may be obtained from the Central Bank’s official website.
The feedback for the draft has been extended to April 2020.
