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Ministry Yes To Appointment Of Chew As BNM Deputy Governor
Last update: 28/11/2017

KUALA LUMPUR, Nov 28 (Bernama)†--†The Minister of Finance has approved the appointment of Jessica Chew Cheng Lian as Deputy Governor for a three-year term effective Jan 1, 2018 following the retirement of Dr Sukudhew†(Sukhdave) Singh on Dec 31, 2017.

In a statement today, Bank Negara†Malaysia (BNM) said,†Sukhdave†would enjoy the benefits accorded under the bank's terms and conditions.

BNM said as†Deputy Governor, Chew would be responsible for the financial sector regulation and development,†including payment systems, organisational development sector and centralised shared services.

"She†is currently†Assistant Governor responsible for the development of regulations and policies in the banking and insurance sectors focusing on efficiency, innovation, market institutions and structures, development finance and talent development," it said.

Chew would also be also responsible for payment systems development and regulation and oversight of the money services business, it said.

The central bank said Chew is also a member of Bank Negara Malaysia's Monetary Policy Committee and the Financial Stability Committee.†

Chew joined the bank in 1993 and has†a Bachelor Degree in Commerce majoring in accounting and finance from University of Melbourne, Australia, it said.

In line with her appointment,†Deputy Governor†Abdul Rasheed Ghaffour†would oversee the monetary and economics sector, supervision sector, investment and operations sector as well as LINK and BNM Offices, Finance and Legal departments, it said.



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US 3.9170/9200
S'pore 2.9556/9587
100 Yen 3.6488/6533
Sterling 5.4485/4535
Euro 4.8081/8134
Source: Bank Negara Malaysia

Starting April the banks have imposed a 50 sen processing fee on top of the 15 sen stamp duty on each cheque. The fee also applies to those applying for a Bankerís Cheque, Bank Draft and Cashierís Order. Do you think this additional charge is justified?

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