New law to regulate loans offered by non-banks to be introduced, says Amir Hamzah

Bank Negara News

New law to regulate loans offered by non-banks to be introduced, says Amir Hamzah
Amir Hamzah AzizanFinance MinistryRegulation
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GEORGE TOWN: A new law regulating monetary loans offered by non-bank associated institutions will be introduced to control the granting of loans, says Datuk Seri Amir Hamzah Azizan .

"This is an important thing for us to deal with this, as under the current financial system, there is a regulator that exists to regulate anything that comes out of the banking system, which Bank Negara controls."There is an Act that will come out next year," he said when speaking to reporters after giving his key address at the Affin Market Outlook Propelling Malaysia Forward Conference, Penang Series held here at Penang Marriott Hotel in George Town, on Monday .

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