Bank Negara Malaysia (BNM) has issued the policy document on Responsibility Mapping today. The policy document sets out requirements to clarify and strengthen individual accountability of members of senior management, who bear the primary responsibility for planning, directing or controlling the activities of financial institutions. Clarity and transparency in accountability will promote actions and decisions by senior management that are consistent with good governance and sound risk management, which ultimately contribute to the long-term financial soundness of financial institutions.

A feedback statement has been issued concurrently with the policy document, covering BNM’s responses to key areas of comments received during the consultation period.

The policy document comes into effect on 1 January 2026.

Click here to view the policy document and feedback statement.