Malaysia

  The Association of Banks in Malaysia

The Association of Banks in Malaysia
34th Floor UBN Tower
10 Jalan P Ramlee
50250 Kuala Lumpur
Malaysia

Tel: +603 2078 8041
Fax: +603 2078 8004
Email: banks@abm.org.my

Datuk Abdul Farid bin Alias, Chairman
Ms Chuah Mei Lin, Executive Director and Liaison Officer

  Change of Chairmanship & ABM Council Members



Chairman

Datuk Abdul Farid bin Alias
President & CEO
Maybank

Datuk Abdul Farid bin Alias, President & CEO of Maybank has been appointed as Chairman of The Association of Banks in Malaysia (ABM).

Datuk Abdul Farid takes over the helm of both Maybank and ABM from his predecessor, Dato’ Sri Abdul Wahid Omar.

Prior to his appointment as President & CEO of Maybank, Datuk Abdul Farid was Maybank’s Deputy President and Head of Global Wholesale Banking. He was also formerly Khazanah Nasional Bhd’s Director of Investments and the government investment arm’s nominee on the board of UEM Group Bhd in 2008.

Other recent changes to the ABM Council members are as follows:-
  • Hong Leong Bank Berhad – Mr Tan Kong Khoon replaced Datuk Yvonne Chia who retired in June 2013
  • RHB Bank Berhad – Mr Kellee Kam replaced Mr Johari Abdul Muid

  Updates from The National Banking Association

1.Introduction of Standardised Documentation for Housing Loan Agreements

The Associations of Banks in Malaysia (ABM) worked with the Central Bank of Malaysia and its thirteen Council banks to introduce a standardised template for the description of key terms and conditions in respect of certain housing loan or home financing agreements involving a principal sum of RM 500,000 or below. This is to promote consumers' understanding of their rights and obligations and to enable them to make informed decisions. The standardised template has been adopted by all member banks with effect from 1 January 2013. The standardised template can be downloaded from ABM's website at www.abm.org.my.


2. e-Banking Fraud Awareness Campaign 2013

On 15 January 2013, ABM launched the 2013 e-Banking Fraud Awareness Campaign. Its aim is to create awareness of the general public on current e-banking scams and to help them to avoid becoming victims of cyber crimes.

Contributed by The Association of Banks in Malaysia

  Report by the Permanent Committee on Asean Inter-Regional Relations

STUDY TOUR TO BRUSSELS, BELGIUM
Monday, 17 October & Tuesday, 18 October 2011

The Association of Banks in Malaysia (ABM) as the chair of the Permanent Committee on ASEAN Inter-Regional Relations took the cue from last year’s ASEAN Banking Council meeting themed, “Towards One ASEAN Market – Enhancing and Strengthening the Collaboration among ASEAN Countries” as the topic for this year’s study tour to see what knowledge and lessons can be shared from their journey towards the creation of a single market for banking and financial services.

After due consultation with other members of the ASEAN Banking Association, Brussels, Belgium which hosts the European Commission headquarters was selected as the venue for this year’s study visit.

Thirteen delegates comprising senior bankers from Singapore, Vietnam and Malaysia participated in the two day study tour. The primary purpose of the study tour was to build and foster inter-regional relations and close cooperation with Belgian banks, industry associations and members of the banking and wider financial services.

After due consultation with ASEAN national banking associations, the following topics were identified and discussed in detail by our hosts:


a. Belgian Bankers’ Association (Febelfin) and its member banks
Visit to Topics / Areas Covered
Febelfin Overview of the banking industry in Belgium and the European Union (EU)
BNP Paribas Fortis
  • Economic outlook for the Eurozone
  • Integration of European capital markets
  • Domestic and international payment platforms
ING Belgium European payments landscape


b. Related financial services
Visit to Topics / Areas Covered
SWIFT
  • High-value payments market infrastructure – Target/2
  • Low-value payments market infrastructure – Single Euro Payment Area (SEPA)
  • Securities market infrastructure


c. European Commission
Visit to Topics / Areas Covered
Directorate General Internal Market and Services
  • Principles of mutual recognition and the “single passport” in the area of financial services
  • Developing integrated EU capital markets, how and why?
  • Promotion of financial and social inclusion for consumers
  • Single Euro Payment Area
  • IFRS, a common set of accounting standards for listed EU companies
Directorate General employment Social affairs and Equal opportunity
  • Free Movement of Workers in the European Union

The feedback for the study tour from the participants was positive as it had benefitted them with both the knowledge and insight to the European banking and financial markets.

Much appreciation goes out to various parties who made this study trip possible and a success. To the delegates for their participation and camaderie and to our gracious Belgian hosts for their warm hospitality and engaging sessions.

Contributed by The Association of Banks in Malaysia

  New Office Bearers of ABM - 2011/2012

  • The Association of Banks in Malaysia (ABM) has welcomed two new members, namely Sumitomo Mitsui Corporation Malaysia Berhad and BNP Paribas Malaysia Berhad. Currently, ABM has 25 members, of which 9 are domestic banks and 16, locally incorporated international banks.
  • On 16 June 2011, Malayan Banking Berhad was re-elected as ABM’s Chairman Bank and Dato’ Seri Abdul Wahid Omar will remain as Chairman for 2011/2012. ABM’s Council members for 2011/12 are as follows:
    • Malayan Banking Berhad (Chairman Bank)
    • Affin Bank Bhd
    • Alliance Bank Malaysia Berhad
    • AmBank (M) Berhad
    • Citibank Berhad
    • CIMB Bank Berhad
    • EON Bank Berhad
    • Hong Leong Bank Berhad
    • HSBC Bank Malaysia Berhad
    • OCBC Bank (Malaysia) Berhad
    • Public Bank Berhad
    • RHB Bank Berhad
    • Standard Chartered Bank Malaysia Berhad
    • United Overseas Bank (Malaysia) Bhd.MALAYSIA

  Report By The Permanent Committee On ASEAN Inter-Regional Relations

STUDY TOUR TO SYDNEY, AUSTRALIA
THURSDAY, 30 SEPTEMBER & FRIDAY, 1 OCTOBER 2010


A study tour to Sydney, Australia was successfully held on Thursday, 30 September and Friday, 1 October 2010.

The primary purpose of the study tour was to build and foster inter-regional relations and close cooperation with Australian banks, industry associations and members of the banking and wider financial services. The study tour also served as a platform to promote better communication and sharing of information between ASEAN banks and the financial services sectors in Australia.

A total of 16 delegates comprising senior bankers representing the national banking associations of Singapore, Laos, Myanmar, Thailand and Malaysia participated in the study tour.

Based on the feedback from the ASEAN national banking associations, the following areas or topics were identified and covered by the respective hosts in Sydney.

a. Australian Bankers’ Association, its member banks and The Reserve Bank of Australia
Visit to Topics / Areas Covered
Australian Bankers’ Association (ABA) Overview of the banking industry in Australia
Commonwealth Bank
  • Retail Banking
  • Business and Private Banking
  • Institutional Banking & Markets
  • Wealth Management
Westpac Institutional Bank
  • Transactional Banking
  • Internet Banking
  • Capital Markets
  • Risk Management
The Reserve Bank of Australia (RBA) Overview on:-
  • Reserve Bank of Australia
  • Commercial Banks
  • Superannuation
  • Securities Markets


b. Related financial services
Visit to Topics / Areas Covered
Australian Trade Commission (Austrade) and Industry & Investment NSW (I&I NSW) Presentation on Australia and New South Wales as Investment Destinations
KPMG
  • An overview of the Australian Economy
  • Presentation on the Australian Financial Centre Forum Report– Australia as a Financial Centre: Building on Our Strengths (The Johnson Report)


The ASEAN Bankers delegation provided positive feedback on the study tour to Sydney. They found the study tour informative and beneficial since they came away with a good insight to the banking sector in Australia.

Through the itinerary, the study tour not only allowed the delegates to have a better understanding of the banking industry in Australia but also formed a platform for the delegates to network and build ties with both the Australian banks and other financial related agencies.

The Association of Banks in Malaysia (ABM) as the Chair of the Permanent Committee on ASEAN Inter-Regional Relations wishes to record its appreciation to ABA, Commonwealth Bank, Westpac Institutional Bank, Austrade, I&I NSW, KPMG and RBA for the warm hospitality and reception that was extended to the ASEAN Bankers delegation during their visit to Sydney.

ABM also wishes to record its appreciation to all delegates for their participation, cooperation and warm camaraderie extended throughout the study tour.

Contributed by The Association of Banks in Malaysia

  7th Annual Meeting and Conference of APEC (Asia Pacific Economic Cooperation) Financial Institutions
  Dealing with SMEs (Small and Medium Enterprises) 2010

Date: July 2010   Venue: Kuala Lumpur

ABM is a signatory to the Memorandum of Understanding on Cooperation among APEC Financial Institutions Dealing with SMEs dated 5 September 2003 which aims to promote financial and technical cooperation amongst member financial institutions that deal with SMEs. ABM will be hosting the event above in July 2010. ABM will be updating the information in this respect from time to time going forward.

  Meeting with Uzbekistan Banking Association

Date: 25 Aug 2009   Venue: The Association of Banks in Malaysia, Kuala Lumpur

ABM proudly hosted the inaugural meeting with representatives from the Uzbekistan Banking Association (UBA) with the objective to promote cooperation between the two Associations and their respective member banks. Both ABM and UBA signed a Memorandum of Understanding to signify a partnership that will enable both Associations and their member banks to explore opportunities and advance regional cooperation.

  Study Tour by Vietnam Banks Association

Date: 11 Aug 2009   Venue: Member banks, Kuala Lumpur

ABM organized a study tour for the Vietnam Banks Association to two of its member banks. The purpose of this study visit was to gain insight on the banks’ experience in credit and customer service catering for SMEs as well as their credit operations and credit risk management framework.

  Roundtable Session with the Italian Banking Delegation

Date: 17 June 2009   Venue: Sheraton Imperial Hotel, Kuala Lumpur

ABM participated in a roundtable meeting for the Italian Banking Association (ABI) which was attended by YBhg. Tan Sri Dato’ Sri Dr. Zeti Akhtar Aziz, Governor of Bank Negara Malaysia and representatives of ABI as well as ABM member banks and other financial intermediaries. The objective of this roundtable session was to create an avenue that will allow both the Italian and Malaysian financial sector to engage in a knowledge exchange of each country’s banking and regulatory system and to promote networking opportunities among the financial institutions of both countries.

  ABM New Chairman

ABM welcomed its new Chairman, Dato’ Sri Abdul Wahid Omar following the retirement of Dato’ Sri Abdul Hamidy Abdul Hafiz who was Chairman of ABM since 2006.

Dato’ Sri Abdul Wahid is also the President and CEO of Maybank Group and has been appointed to helm the Association for the term 2009 – 2010.

  History of The Association of Banks in Malaysia

The Association of Banks in Malaysia (ABM) was formed in November 1973 with the objective of establishing and promoting a sound banking system for commercial banks in Malaysia by cooperating with the Central Bank of Malaysia (Bank Negara Malaysia) and relevant authorized bodies. ABM has participated in and pursued wide-ranging issues including formulating and reviewing banking rules, operations and policies to assist the local banking industry in becoming more resilient, competitive and effective in meeting the needs of the changing economy.

In addition, ABM aims to facilitate a conducive banking environment, promote orderliness and ethical banking practices covering a wide scope involving operations' policies, human capital development, consumer education and awareness, risk management and regional activities.

Accordingly, member banks’ contributions to socio-economic planning and development of their country and ABM’s collaboration with government ministries, private sector groups and relevant organizations are some of the issues that form ABM’s agenda and its contribution to its nation.

ABM has 22 commercial bank members at present, comprising 9 domestic banks and 13 locally incorporated international banks operating in Malaysia. Commercial banks constitute the largest and most important group of financial institutions in Malaysia in terms of total assets.

The public can also contact ABM for information on local banking issues by calling a toll-free service in Malaysia called ABMConnect at 1-300-88-9980 or sending a request through ABM’s website.

ABM’s website address is www.abm.org.my