KUALA LUMPUR: Bank Negara said applications for Islamic mega bank licences are market-driven and private sector-led. “Those entities exploring the possibility of participating as an investor will determine their own course of action based on their assessment of the business viability of the investment,” it said in a statement yesterday.
Source from (The Star Online): http://biz.thestar.com.my/news/story.asp?file=/2012/6/27/business/11555972&sec=business
Published: Jun 27, 2012
Stringent criteria and assessments by Bank Negara would be applied on prospective investors and the licensee as required by the law, it said.
Bank Negara said entities applying for Islamic mega bank licences were required to meet all its existing rules and regulations.
“A full licence will only be awarded once all legal and regulatory requirements are met,” the central bank said. in updating the status of Islamic mega bank licences. — Bernama
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