Risk & Compliance Framework
Risk & Compliance Framework
The Risk & Compliance Division had established the following key frameworks to manage risk, compliance and corporate integrity segments for Bursa Malaysia among others namely:
- Enterprise Risk Management Framework
- Integrity and Compliance Management Framework
- Business Continuity Management Framework
- Framework on Risk Management for Outsourcing Arrangements
- Integrated Governance, Risk & Compliance (iGRC) Framework
- Anti-Fraud, Bribery & Corruption Policy & Guidelines
- Whistleblower Policy and Procedures for Bursa Malaysia Group
The group also adopts Guidelines on Financial Market Infrastructures issued by the SC Malaysia and Principles for Financial Market Infrastructures (PFMI) issued by International Organization of Securities Commissions (IOSCO), to manage the credit and liquidity risks arising from its clearing houses business operations.
The application of the ERM framework also extends to the management of
risks for the clearing houses of BMSC and BMDC, in which both are exposed to
counterparty risks from the clearing participants perspectives.