Overview of ibfc banking biz ums 210512 emm

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  • Labuan IBFC offers comprehensive and integrated financial products & services both conventional & SyariahprincipalesOffshore banking business, includes:Commercial bankingInvestment bankingIslamic bankingOthers approved by MOF
  • Labuan IBFC offers comprehensive and integrated financial products & services both conventional & SyariahprincipalesOffshore banking business, includes:Commercial bankingInvestment bankingIslamic bankingOthers approved by MOF
  • Labuan IBFC offers comprehensive and integrated financial products & services both conventional & SyariahprincipalesOffshore banking business, includes:Commercial bankingInvestment bankingIslamic bankingOthers approved by MOF
  • Overview of ibfc banking biz ums 210512 emm

    1. 1. Overview ofLabuan BankingBusinessMay 2012Labuan Federal Territory, Malaysia.
    2. 2. Banking Sector in Malaysia BANK NEGARA LABUAN FSA MALAYSIA • Commercial Banks • Labuan Banks • Investment Banks • Labuan Investment Banks • Islamic Banks • Discount Houses • Foreign Bank Representative Office
    3. 3. Labuan Banks Banking Licence Governed by Labuan Financial Services and Securities Act (LFSSA) effective 11 Feb 2010 Dealing in Non Ringgit Malaysia & Non-Malaysian Permitted Dealings with Malaysian Residents Full Banking Licence Investment Banking Licence  providing credit facilities;  Providing credit facilities  Labuan investment banking service;  Providing consultancy/advisory services  Islamic banking business; relating to corporate & investment  building credit business; matters or making investments on behalf  credit token business; of any person  development finance business;  Undertaking foreign exchange  leasing business or such other transactions, interest rate swaps, activities dealings in derivative instruments or  receiving deposits, derivative financial instruments or any  Other business approved by the other similar risk management activities Authority  Other business approved by the Authority  Not allowed to accept deposits.
    4. 4. Labuan Banks : Eligibility Criteria Investment Banking Licence Full Banking Licence  An investment bank or group Must be a licensed bank or financial engaging in investment banking institution supervised by competent activities licensed by the regulatory authority authority in the country of origin Possess sound track record  A licensed bank or an established Accorded a good credit rating by financial institution or financial acceptable rating agencies service provider supervised by Supervised by a competent regulatory competent authority authority  Possess sound track record Conform to generally accepted  Any licensed institutions under standards of international banking approval of Bank Negara Malaysia practices or BIS, as the case may be.  Corporations with the necessary expertise and experience in financial industry with at least 3 years good track records and regulated by an Authority in their home countries.
    5. 5. Labuan Banks :International presence in Labuaninclude... Bank Country Barclays PLC UK Goldman Sachs USA UBS AG Switzerland BNP Paribas SA France The Royal Bank of Scotland Group plc UK Deutsche Bank AG Germany Bank of America NA USA Credit Suisse Group Switzerland JPMorgan Chase Bank National Association USA Kuwait Finance Kuwait Nomura Group Japan ANZ Bank Australia
    6. 6. Labuan Banks : OPERATIONAL REQUIREMENTS  Maintain a physical presence in Labuan.  May opt for co-location (to any parts of Malaysia) subject to meeting the qualifying criteria under the Guidelines on Co-Location of Labuan Banks issued on 19 January 2010.  Minimum capital requirement of RM10.0 million equivalent in foreign currency, unimpaired by losses.  Comply with the statutory requirements under the Labuan Financial Services and Securities Act 2010 and prudential/reporting requirements issued by Labuan FSA at all times.  Carry on business in any currency other than the Malaysian Ringgit, except as permitted by the relevant Authority(s)
    7. 7. Islamic FinanceThe wide range of Islamic financial products and servicesavailable in Labuan IBFC includes Islamic banking, Islamiccapital market, Islamic insurance (takaful), Islamicreinsurance (retakaful), Islamic funds, waqf and Islamictrusts administration. The products and services areoffered under various Shariah-compliant schemes byIslamic financial institutions in Labuan.The Labuan Islamic Financial Services and Securities Act2010 streamlines procedures and requirements for allShariah-related activities in Labuan IBFC with Labuan FSAas the licensing authority.
    8. 8. Performanceof Financial Industries
    9. 9. Performance of Labuan IBFC SECTOR 2009 2010 2011 ** GROWTH (%) Companies 7, 423 8,004 8,655 8.1 Banks • No of Banks 59 61 60 (1.6) • Loans (USD) 18.5b 19.8b 24.6b 24.2 • Deposits (USD) 10.2b 11.6B 9.5b (15.8) • PBT (USD) 249.7m 536.4m 404.9m (24.5) Insurance • No of Companies 149 169 181 7.1 • Premiums (USD) 1.1b 1.2b 1.6b 33.3 Leasing • No of Companies 136 176 227 29.0 • Assets Leased (USD) 21.9b 25.0b 27.6b 10.4 LFX • Market Cap (USD) 16.6b 17.1b 17.1b 0 Funds • Size (USD) 9.6b 9.6b 9.4b (2.1) Takaful / Retakaful • Gross Contributions (USD) 234.1m 296.7m 459.5m 54.9 Note : ** The numbers are subject to changes
    10. 10. www.labuanfsa.gov.my

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