KUALA LUMPUR, June 5 (Bernama) — Bank Negara Malaysia and the Malaysia Competition Commission (MyCC) signed a memorandum of understanding (MoU) on Thursday to formalise the intent of the bank and the commission to collaborate and cooperate in areas of common regulatory objectives.
This is to facilitate the efficient implementation of the Competition Act 2010, and its intended objectives to promote and protect the process of competition, while ensuring that the overall stability of the financial sector is preserved, Bank Negara said in a statement.
“The MoU clarifies the areas of collaboration and cooperation between the Bank and…
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