This discussion paper sets out the proposed full transition to Malaysia Overnight Rate (MYOR) / Malaysia Islamic Overnight Rate (MYOR-i) and cessation of Kuala Lumpur Interbank Offered Rate (KLIBOR). Findings of this paper will be instrumental in developing a structured roadmap to ensure a smooth and orderly transition. Key aspects discussed include:

1. Potential successors to KLIBOR.
2. Management of legacy KLIBOR contracts.
3. Strategies for managing transition risks.

The Bank, in consultation with the Financial Markets Committee (FMC), invites written feedback on this Discussion Paper, including suggestions to improve clarity on the proposals or alternatives for consideration. To facilitate a constructive consultation process, please support your feedback and views with justifications, evidence or illustrations, where appropriate.

Issuance Date
27 September 2024

Applicability
FSA, IFSA, DFIA

Issuing Department
Investment Operations and Financial Markets

Section-in-Charge
Monetary Policy Implementation

Document

• Discussion paper on Proposed Full Transition to MYOR / MYOR-i and Cessation of KLIBOR