Competition law and the Malaysian financial market

Competition law and the Malaysian financial market

The Objective of competition law and financial regulation is to ensure a well-functioning market. While competition law and financial regulation share the same goal, the manner in which they pursue this objective is different. Unlike competition law, which solely focuses on competition, financial re...

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Main Authors: Abdul Rahman, Nasarudin, Ahamat, Haniff, Abd Ghadas, Zuhairah Ariff
Format: Book Chapter
Language:English
Published: The International Association of IT Lawyers 2014
Subjects:
HG Finance
K Law (General)
Online Access:http://irep.iium.edu.my/40857/
http://irep.iium.edu.my/40857/
http://irep.iium.edu.my/40857/1/40857.pdf
id iium-40857
recordtype eprints
spelling iium-408572018-05-24T07:53:12Z http://irep.iium.edu.my/40857/ Competition law and the Malaysian financial market Abdul Rahman, Nasarudin Ahamat, Haniff Abd Ghadas, Zuhairah Ariff HG Finance K Law (General) The Objective of competition law and financial regulation is to ensure a well-functioning market. While competition law and financial regulation share the same goal, the manner in which they pursue this objective is different. Unlike competition law, which solely focuses on competition, financial regulation pursues other goals such as financial stability, reliability of payment system and consumer protection. This paper seeks to study the interplay between financial regulation and competition law from the Malaysian perspective. While the new Competition Act 2010 applies to financial sector, some powers to oversee competition issues are also reserved for the financial regulator. This may result in two possibilities: (i) financial regulation and competition law complement each other (ii) a possible conflict of responsibility between the financial regulator and the competition authority, which requires an effective cooperation and coordination. The International Association of IT Lawyers 2014-10 Book Chapter PeerReviewed application/pdf en http://irep.iium.edu.my/40857/1/40857.pdf Abdul Rahman, Nasarudin and Ahamat, Haniff and Abd Ghadas, Zuhairah Ariff (2014) Competition law and the Malaysian financial market. In: Information ethics and security: future of international world time. The International Association of IT Lawyers, Denmark, pp. 439-451. ISBN 87-994854-4-3 / 978-87-994854-4-4 http://www.iaitl.org/index.html
repository_type Digital Repository
institution_category Local University
institution International Islamic University Malaysia
building IIUM Repository
collection Online Access
language English
topic HG Finance
K Law (General)
spellingShingle HG Finance
K Law (General)
Abdul Rahman, Nasarudin
Ahamat, Haniff
Abd Ghadas, Zuhairah Ariff
Competition law and the Malaysian financial market
description The Objective of competition law and financial regulation is to ensure a well-functioning market. While competition law and financial regulation share the same goal, the manner in which they pursue this objective is different. Unlike competition law, which solely focuses on competition, financial regulation pursues other goals such as financial stability, reliability of payment system and consumer protection. This paper seeks to study the interplay between financial regulation and competition law from the Malaysian perspective. While the new Competition Act 2010 applies to financial sector, some powers to oversee competition issues are also reserved for the financial regulator. This may result in two possibilities: (i) financial regulation and competition law complement each other (ii) a possible conflict of responsibility between the financial regulator and the competition authority, which requires an effective cooperation and coordination.
format Book Chapter
author Abdul Rahman, Nasarudin
Ahamat, Haniff
Abd Ghadas, Zuhairah Ariff
author_facet Abdul Rahman, Nasarudin
Ahamat, Haniff
Abd Ghadas, Zuhairah Ariff
author_sort Abdul Rahman, Nasarudin
title Competition law and the Malaysian financial market
title_short Competition law and the Malaysian financial market
title_full Competition law and the Malaysian financial market
title_fullStr Competition law and the Malaysian financial market
title_full_unstemmed Competition law and the Malaysian financial market
title_sort competition law and the malaysian financial market
publisher The International Association of IT Lawyers
publishDate 2014
url http://irep.iium.edu.my/40857/
http://irep.iium.edu.my/40857/
http://irep.iium.edu.my/40857/1/40857.pdf
first_indexed 2023-09-18T20:58:33Z
last_indexed 2023-09-18T20:58:33Z
_version_ 1777410468161257472

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