Podcast
Questions and Answers
What is one of the objectives of the Financial Services Act 2013?
What is one of the objectives of the Financial Services Act 2013?
- To provide adequate consumer protection (correct)
- To promote competition among financial institutions
- To enhance and support inclusive growth in the financial system and the economy
- To give BNM more powers in a complex and interconnected environment
According to the Financial Services Act 2013, what is the main purpose of the act?
According to the Financial Services Act 2013, what is the main purpose of the act?
- To promote competition among financial institutions
- To enhance and support inclusive growth in the financial system and the economy (correct)
- To provide adequate consumer protection
- To give BNM more powers in a complex and interconnected environment
What is the role of the Financial Services Act 2013 in relation to Bank Negara Malaysia (BNM)?
What is the role of the Financial Services Act 2013 in relation to Bank Negara Malaysia (BNM)?
- To promote competition among financial institutions
- To give BNM more powers in a complex and interconnected environment (correct)
- To enhance and support inclusive growth in the financial system and the economy
- To provide adequate consumer protection
Flashcards
Consumer Protection (FSA 2013)
Consumer Protection (FSA 2013)
To ensure that consumers are adequately protected when using financial services.
Purpose of Financial Services Act 2013
Purpose of Financial Services Act 2013
The act aims to foster growth in the financial system and broader economy.
FSA 2013 Role with BNM
FSA 2013 Role with BNM
To empower Bank Negara Malaysia (BNM) with greater authority to navigate complex financial landscapes.
