BANGKOK 3 Mei - Bank Negara Malaysia (BNM) telah dinamakan sebagai Pengawal Selia Terbaik di rantau Asia Pasifik dan Anugerah Pelaksana Perniagaan Pengawal Selia Terbaik 2012 pada Persidangan Risiko Perbankan dan Peraturan Asia.
Source from (Utusan Malaysia): http://www.utusan.com.my/utusan/info.asp?y=2012&dt=0504&pub=Utusan_Malaysia&sec=Ekonomi&pg=ek_04.htm
Published: May 04, 2012
Menurut satu kenyataan, bank pusat itu menerima anugerah pada Sidang Kemuncak Pengendali Bank 2012 yang diadakan di Pusat Konvensyen Bangkok pada 25 April lalu.
BNM telah menunjukkan contoh pemantauan dan kepimpinan yang baik serta berjaya membawa sistem kewangan Malaysia sehingga tidak memberi kesan walaupun berhadapan dengan krisis kewangan global.
Ia telah meletakkan dan mempromosi Malaysia sebagai peneraju hab kewangan Islam di Asia.
Perbankan Islam kini adalah 20 peratus dari sistem perbankan Malaysia dan pasaran sukuk, mewakili lebih 50 peratus pasaran bon Malaysia.
Friday, May 4, 2012
Thursday, May 3, 2012
Bank Negara’s guidelines affect mainly lower income group
KUALA LUMPUR: The responsible lending guidelines issued by Bank Negara for banks since the beginning of this year may have less of a downside impact on loans growth than initially thought, Hong Leong Research said.
Source from (The Star Online): http://biz.thestar.com.my/news/story.asp?file=/2012/5/3/business/11211162&sec=business
Published: May 03, 2012
Source from (Business Times): http://www.btimes.com.my/Current_News/BTIMES/articles/desm/Article/index_html
Published: May 04, 2012
Hong Leong Research's banking analyst Low Yee Huap said in a report that the impact of responsible lending has so far affected mainly the lower income group which consisted 12.7% of total loans.
This is also premised upon the latest banking statistics for March which showed that year-on-year (y-o-y) loans growth accelerated to 12.2% from a growth of 11.9% in February, after two consecutive months of slowdown due to seasonal and festivities factors.
In March, banking statistics showed a higher y-o-y loans growth to the business sector for the purposes of construction and working capital with a y-o-y growth of 19.2% and 10.4% compared with 16.2% and 10% respectively in February; while the household segment slowed to 11.9% from 12.1% in the previous month likely due to the responsible lending guidelines.
Low had maintained loans growth target of 9% in 2012 with an overweight call on the banking sector adding that a boost from the economic transformation programme (ETP) and would also positively impact consumer credit.
“The (banking) sector is the best proxy to the domestic economic growth and will enjoy significant multiplier effect from implementation of ETP projects.
“Continued consumption will indirectly boost demand for hire purchase, mortgage, personal loans and credit cards,” he said in the report.
The overweight call is also underscored by the banking system's health which is in a “better position” today but also highlighted that the stress point to the system's health would most likely be from the lower income group, while the middle to higher income group are financially sound.
“As for the lower income group, we laud Bank Negara's preemptive moves and the role played by Agensi Kaunseling dan Pengurusan Kredit in ensuring the system's health,” he said.
Meanwhile, CIMB Research analyst Winson Ng Gia Yann, who maintained a neutral stance on the banking sector , had a less sanguine view despite the higher y-o-y loans growth in March as compared with the previous month.
“We do not view this as a surprise because the improvement (in loans growth) was small, and loans approval, which is a leading indicator, increased by 17.6% y-o-y in February,” Ng said in his report.
“We still see downside risks for loan growth from March's level given the moderating trend for the leading loan indicators in March,” Ng added with an industry wide loans growth forecast of 9% to 10% for the entire 2012.
Source from (The Star Online): http://biz.thestar.com.my/news/story.asp?file=/2012/5/3/business/11211162&sec=business
Published: May 03, 2012
Source from (Business Times): http://www.btimes.com.my/Current_News/BTIMES/articles/desm/Article/index_html
Published: May 04, 2012
Hong Leong Research's banking analyst Low Yee Huap said in a report that the impact of responsible lending has so far affected mainly the lower income group which consisted 12.7% of total loans.
This is also premised upon the latest banking statistics for March which showed that year-on-year (y-o-y) loans growth accelerated to 12.2% from a growth of 11.9% in February, after two consecutive months of slowdown due to seasonal and festivities factors.
In March, banking statistics showed a higher y-o-y loans growth to the business sector for the purposes of construction and working capital with a y-o-y growth of 19.2% and 10.4% compared with 16.2% and 10% respectively in February; while the household segment slowed to 11.9% from 12.1% in the previous month likely due to the responsible lending guidelines.
Low had maintained loans growth target of 9% in 2012 with an overweight call on the banking sector adding that a boost from the economic transformation programme (ETP) and would also positively impact consumer credit.
“The (banking) sector is the best proxy to the domestic economic growth and will enjoy significant multiplier effect from implementation of ETP projects.
“Continued consumption will indirectly boost demand for hire purchase, mortgage, personal loans and credit cards,” he said in the report.
The overweight call is also underscored by the banking system's health which is in a “better position” today but also highlighted that the stress point to the system's health would most likely be from the lower income group, while the middle to higher income group are financially sound.
“As for the lower income group, we laud Bank Negara's preemptive moves and the role played by Agensi Kaunseling dan Pengurusan Kredit in ensuring the system's health,” he said.
Meanwhile, CIMB Research analyst Winson Ng Gia Yann, who maintained a neutral stance on the banking sector , had a less sanguine view despite the higher y-o-y loans growth in March as compared with the previous month.
“We do not view this as a surprise because the improvement (in loans growth) was small, and loans approval, which is a leading indicator, increased by 17.6% y-o-y in February,” Ng said in his report.
“We still see downside risks for loan growth from March's level given the moderating trend for the leading loan indicators in March,” Ng added with an industry wide loans growth forecast of 9% to 10% for the entire 2012.
Wednesday, May 2, 2012
Shadow banks on Bank Negara’s radar screen
PETALING JAYA: Bank Negara is closely monitoring the activities of non-bank institutions or shadow banks that are not regulated under the mainstream banking system, sources told StarBiz.
Source from (The Star Online): http://biz.thestar.com.my/news/story.asp?file=/2012/5/2/business/11206959&sec=business
Published: May 02, 2012
“The situation is not yet a cause for alarm but the authorities want to make sure that they do not pose a risk to the banking system and that their unregulated lending does not create a bubble like what happened in the US prior to the global financial crisis,'' a source said.
Concerns over non-bank lending have surfaced in the wake of the implementation of responsible lending guidelines in the regular banking system.
Bank Negara's financial stability report 2011 quotes a Federal Reserve Bank of New York staff report that the volume of credit intermediated by the shadow banking system in the United States was nearly twice (about 1.8 times) as large as the volume of credit intermediated by the traditional banking system prior to the global financial crisis.
In Malaysia, the nature and scale of the activities of these non-bank intermediaries are much less complex and account for a much smaller share of total credit intermediated by the banking system.
Moreover, the bulk of the activities and the non-bank entities themselves are subject to oversight of Bank Negara and the Securities Commission.
“The control over the mainstream banks will be less effective if the activity flows at the non-bank institutions are not under some form of control,'' said Pong Teng Siew, head of research at Interpac Securities. “In the process, banks may be asked to rein in their lending to these non-bank institutions.''
There are instances when banks, wanting to achieve a certain continuous pace of growth, will set up non-bank conduits and channel the lending to them.
“That is what happened in the United States but in Malaysia, the central bank is powerful. It will find out what they are doing,'' said Pong. “They ought to be monitored closely, especially if the holding company is also to get a piece of action.''
In monitoring these non-bank institutions, certain areas such as lending to civil servants, may be the focus. “Excessive lending may, at some point, lead to a credit trap where these civil servants use up all their money to service their loans via salary deductions.'' said Pong. “They may then turn to other sources of borrowing.''
In many instances, loose credit standards and lack of credit analysis can also lead to other problems.
Recently, the activities and size of assets of these non-bank lenders have expanded. “The growth in financing extended has been mainly focused on the household sector but continues to represent a small share (5.9%) of total financing to households,'' said Bank Negara in its financial stability report.
“To ensure that these developments do not, over time, contribute towards the imprudent build-up of leverage in the household sector, the central bank's surveillance of developments in the lending activities by non-bank lenders has been strengthened in close cooperation with the relevant supervisory authorities.
“Specific measures have also been implemented to ensure that credit co-operative societies and large building societies observe responsible financing practices that are consistent with regulations applied to the financial institutions under the bank's purview,'' said Bank Negara.
In March, Malaysian Rating Corp (MARC) expressed concern that the pace of lending by non-bank institutions, for example, development financial institutions such as Bank Pembangunan, Bank Kerjasama Rakyat and Bank Simpanan Nasional, had been relatively high in the past few years.
It has averaged 14.5% a year since 2005 and moderated to 7.2% in 2011.
In voicing its concerns over the quantity and quality of loans given out, MARC had pointed out that lending for “consumption credit” had grown at a compounded average growth rate (CAGR) of 20.3% a year in the past seven years with the pace of growth in the lending for the credit cards segment, which has seen a CAGR of 50.4% a year since 2005.
In its financial sector blueprint, Bank Negara spoke of the development of a framework for monitoring and managing risks arising from entities and activities taking place outside the directly supervised financial system.
The steps involve enhancing data collection and surveillance of such entities and activities particularly those of systemic importance and implementing appropriate regulatory responses to preemptively manage emerging risks.
Source from (The Star Online): http://biz.thestar.com.my/news/story.asp?file=/2012/5/2/business/11206959&sec=business
Published: May 02, 2012
“The situation is not yet a cause for alarm but the authorities want to make sure that they do not pose a risk to the banking system and that their unregulated lending does not create a bubble like what happened in the US prior to the global financial crisis,'' a source said.
Concerns over non-bank lending have surfaced in the wake of the implementation of responsible lending guidelines in the regular banking system.
Bank Negara's financial stability report 2011 quotes a Federal Reserve Bank of New York staff report that the volume of credit intermediated by the shadow banking system in the United States was nearly twice (about 1.8 times) as large as the volume of credit intermediated by the traditional banking system prior to the global financial crisis.
In Malaysia, the nature and scale of the activities of these non-bank intermediaries are much less complex and account for a much smaller share of total credit intermediated by the banking system.
Moreover, the bulk of the activities and the non-bank entities themselves are subject to oversight of Bank Negara and the Securities Commission.
“The control over the mainstream banks will be less effective if the activity flows at the non-bank institutions are not under some form of control,'' said Pong Teng Siew, head of research at Interpac Securities. “In the process, banks may be asked to rein in their lending to these non-bank institutions.''
There are instances when banks, wanting to achieve a certain continuous pace of growth, will set up non-bank conduits and channel the lending to them.
“That is what happened in the United States but in Malaysia, the central bank is powerful. It will find out what they are doing,'' said Pong. “They ought to be monitored closely, especially if the holding company is also to get a piece of action.''
In monitoring these non-bank institutions, certain areas such as lending to civil servants, may be the focus. “Excessive lending may, at some point, lead to a credit trap where these civil servants use up all their money to service their loans via salary deductions.'' said Pong. “They may then turn to other sources of borrowing.''
In many instances, loose credit standards and lack of credit analysis can also lead to other problems.
Recently, the activities and size of assets of these non-bank lenders have expanded. “The growth in financing extended has been mainly focused on the household sector but continues to represent a small share (5.9%) of total financing to households,'' said Bank Negara in its financial stability report.
“To ensure that these developments do not, over time, contribute towards the imprudent build-up of leverage in the household sector, the central bank's surveillance of developments in the lending activities by non-bank lenders has been strengthened in close cooperation with the relevant supervisory authorities.
“Specific measures have also been implemented to ensure that credit co-operative societies and large building societies observe responsible financing practices that are consistent with regulations applied to the financial institutions under the bank's purview,'' said Bank Negara.
In March, Malaysian Rating Corp (MARC) expressed concern that the pace of lending by non-bank institutions, for example, development financial institutions such as Bank Pembangunan, Bank Kerjasama Rakyat and Bank Simpanan Nasional, had been relatively high in the past few years.
It has averaged 14.5% a year since 2005 and moderated to 7.2% in 2011.
In voicing its concerns over the quantity and quality of loans given out, MARC had pointed out that lending for “consumption credit” had grown at a compounded average growth rate (CAGR) of 20.3% a year in the past seven years with the pace of growth in the lending for the credit cards segment, which has seen a CAGR of 50.4% a year since 2005.
In its financial sector blueprint, Bank Negara spoke of the development of a framework for monitoring and managing risks arising from entities and activities taking place outside the directly supervised financial system.
The steps involve enhancing data collection and surveillance of such entities and activities particularly those of systemic importance and implementing appropriate regulatory responses to preemptively manage emerging risks.
BNM, bank kena 'turun padang'
KOTA KINABALU 29 April - Perusahaan Otomobil Kedua Sdn. Bhd. (Perodua) yang terjejas akibat pelaksanaan Garis Panduan Amalan Pembiayaan Yang Baik oleh Bank Negara Malaysia (BNM) sejak awal tahun ini meminta bank pusat itu dan institusi perbankan turun padang untuk melihat sendiri kesan dan impak akibat penguatkuasaan garis panduan tersebut.
Source from (Utusan Malaysia): http://www.utusan.com.my/utusan/info.asp?y=2012&dt=0430&pub=Utusan_Malaysia&sec=Ekonomi&pg=ek_04.htm
Published: May 02, 2012
Pengarah Urusannya, Datuk Aminar Rashid Salleh berkata, cadangan itu dibuat bagi membolehkan pihak-pihak terbabit membuat penilaian sendiri berhubung isu yang diperjuangkan oleh Perodua.
''Kita bukan syok sendiri (dalam memperjuangkan isu ini) tetapi mereka boleh lihat berapa banyak stok kereta kami terutama Viva di pasaran terutama di Sabah, Sarawak, pantai timur dan utara Semenanjung," katanya ketika ditemui di sini.
Tegasnya, negeri-negeri itu memang pasaran utama Viva dengan mengambil kira status pembeli dan peniaga bergaji kecil serta mempunyai masalah untuk mengemukakan dokumen.
''Pengangkutan awam di pasaran-pasaran tersebut juga terhad, justeru mereka memerlukan pengangkutan sendiri.
''BNM dan bank-bank perlu lihat sendiri masalah ini," tambah beliau.
Menurut beliau, selaku syarikat yang mengeluarkan kereta nasional, Perodua tidak pernah menentang pelaksanaan garis panduan yang dilaksanakan oleh BNM kerana memahami tujuannya.
Bagaimanapun, beliau mempersoalkan mengapa pelaksanaan garis panduan itu menyebabkan proses permohonan mengambil masa sehingga dua hingga tiga bulan kerana faktor masa itu menyukarkan pelanggan.
''Tempoh memproses permohonan yang panjang menyukarkan kami dan pelanggan.
''Tidak bolehkah perkara ini diberi kelonggaran, meskipun arahan garis panduan itu dipatuhi?," ujar beliau.
Aminar mengakui tidak faham mengapa pelaksanaan memproses permohonan terlalu ketat sedangkan nisbah tidak berbayar bagi kereta-kereta Perodua hanyalah satu peratus sahaja.
Mengulas lanjut, beliau berkata, Perodua telah menghantar surat kepada Perdana Menteri, Datuk Seri Najib Tun Razak dalam mencari penyelesaian berhubung pelaksanaan garis panduan tersebut.
''Kami memang ada buat rayuan, meminta simpati kerajaan," katanya tanpa mengulas lanjut.
Tegas beliau, apa yang dilaku dan disuarakan oleh Perodua adalah selaras dengan peranan dan tanggungjawabnya selaku syarikat kereta nasional.
''Apabila permintaan susut, pengeluaran juga menurun. Apa jadi dengan ekosistem perniagaan Perodua yang membabitkan 60,000 hingga 70,000 orang. Ia membabitkan masa depan vendor, wakil jualan, rakan niaga.
''Kalau jualan kami susut, cukai yang perlu dibayar kepada kerajaan juga menurun. Adakah ia baik untuk ekonomi dan kerajaan?.
''Itu belum lagi mengambil kira pelaburan dan sumbangan kami kepada industri, ekonomi dan negara," katanya.
Source from (Utusan Malaysia): http://www.utusan.com.my/utusan/info.asp?y=2012&dt=0430&pub=Utusan_Malaysia&sec=Ekonomi&pg=ek_04.htm
Published: May 02, 2012
Pengarah Urusannya, Datuk Aminar Rashid Salleh berkata, cadangan itu dibuat bagi membolehkan pihak-pihak terbabit membuat penilaian sendiri berhubung isu yang diperjuangkan oleh Perodua.
''Kita bukan syok sendiri (dalam memperjuangkan isu ini) tetapi mereka boleh lihat berapa banyak stok kereta kami terutama Viva di pasaran terutama di Sabah, Sarawak, pantai timur dan utara Semenanjung," katanya ketika ditemui di sini.
Tegasnya, negeri-negeri itu memang pasaran utama Viva dengan mengambil kira status pembeli dan peniaga bergaji kecil serta mempunyai masalah untuk mengemukakan dokumen.
''Pengangkutan awam di pasaran-pasaran tersebut juga terhad, justeru mereka memerlukan pengangkutan sendiri.
''BNM dan bank-bank perlu lihat sendiri masalah ini," tambah beliau.
Menurut beliau, selaku syarikat yang mengeluarkan kereta nasional, Perodua tidak pernah menentang pelaksanaan garis panduan yang dilaksanakan oleh BNM kerana memahami tujuannya.
Bagaimanapun, beliau mempersoalkan mengapa pelaksanaan garis panduan itu menyebabkan proses permohonan mengambil masa sehingga dua hingga tiga bulan kerana faktor masa itu menyukarkan pelanggan.
''Tempoh memproses permohonan yang panjang menyukarkan kami dan pelanggan.
''Tidak bolehkah perkara ini diberi kelonggaran, meskipun arahan garis panduan itu dipatuhi?," ujar beliau.
Aminar mengakui tidak faham mengapa pelaksanaan memproses permohonan terlalu ketat sedangkan nisbah tidak berbayar bagi kereta-kereta Perodua hanyalah satu peratus sahaja.
Mengulas lanjut, beliau berkata, Perodua telah menghantar surat kepada Perdana Menteri, Datuk Seri Najib Tun Razak dalam mencari penyelesaian berhubung pelaksanaan garis panduan tersebut.
''Kami memang ada buat rayuan, meminta simpati kerajaan," katanya tanpa mengulas lanjut.
Tegas beliau, apa yang dilaku dan disuarakan oleh Perodua adalah selaras dengan peranan dan tanggungjawabnya selaku syarikat kereta nasional.
''Apabila permintaan susut, pengeluaran juga menurun. Apa jadi dengan ekosistem perniagaan Perodua yang membabitkan 60,000 hingga 70,000 orang. Ia membabitkan masa depan vendor, wakil jualan, rakan niaga.
''Kalau jualan kami susut, cukai yang perlu dibayar kepada kerajaan juga menurun. Adakah ia baik untuk ekonomi dan kerajaan?.
''Itu belum lagi mengambil kira pelaburan dan sumbangan kami kepada industri, ekonomi dan negara," katanya.
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