A critical appraisal on financial consumer protection in Malaysia

A critical appraisal on financial consumer protection in Malaysia

Recently, the protection of financial consumer becomes a rising concern of many countries in this world. In Malaysia, Consumer Protection Act 1999 (CPA) is a present law aims at providing protection to general consumer including financial consumer. The coming into force of Financial Services Act 2...

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Main Authors: Ilias, Ibtisam@Ilyana, Amin, Naemah
Format: Conference or Workshop Item
Language:English
Published: 2015
Subjects:
K Law (General)
Online Access:http://irep.iium.edu.my/46645/
http://irep.iium.edu.my/46645/1/MACFEA2015_43.pdf
id iium-46645
recordtype eprints
spelling iium-466452016-05-20T02:25:59Z http://irep.iium.edu.my/46645/ A critical appraisal on financial consumer protection in Malaysia Ilias, Ibtisam@Ilyana Amin, Naemah K Law (General) Recently, the protection of financial consumer becomes a rising concern of many countries in this world. In Malaysia, Consumer Protection Act 1999 (CPA) is a present law aims at providing protection to general consumer including financial consumer. The coming into force of Financial Services Act 2013(FSA) and Islamic Financial Services Act 2013(IFSA) marks an important milestone in strengthening financial consumer protection and indicates a significant transformation in the legal framework vis-à-vis the protection and empowerment of this group of consumer. While the regulator accountable for consumer protection under FSA and IFSA is Bank Negara Malaysia (BNM), CPA is under the jurisdiction of Ministry of Domestic Trade, Cooperative and Consumerism (MDTCC). For that reason, this paper attempts to critically appraise key provisions under these three statutes with reference to financial consumer protection. 2015-11 Conference or Workshop Item NonPeerReviewed application/pdf en http://irep.iium.edu.my/46645/1/MACFEA2015_43.pdf Ilias, Ibtisam@Ilyana and Amin, Naemah (2015) A critical appraisal on financial consumer protection in Malaysia. In: 19th MACFEA National Seminar (MACFEA2015), 19th-20th November 2015, Palm Garden Hotel, Putrajaya.
repository_type Digital Repository
institution_category Local University
institution International Islamic University Malaysia
building IIUM Repository
collection Online Access
language English
topic K Law (General)
spellingShingle K Law (General)
Ilias, Ibtisam@Ilyana
Amin, Naemah
A critical appraisal on financial consumer protection in Malaysia
description Recently, the protection of financial consumer becomes a rising concern of many countries in this world. In Malaysia, Consumer Protection Act 1999 (CPA) is a present law aims at providing protection to general consumer including financial consumer. The coming into force of Financial Services Act 2013(FSA) and Islamic Financial Services Act 2013(IFSA) marks an important milestone in strengthening financial consumer protection and indicates a significant transformation in the legal framework vis-à-vis the protection and empowerment of this group of consumer. While the regulator accountable for consumer protection under FSA and IFSA is Bank Negara Malaysia (BNM), CPA is under the jurisdiction of Ministry of Domestic Trade, Cooperative and Consumerism (MDTCC). For that reason, this paper attempts to critically appraise key provisions under these three statutes with reference to financial consumer protection.
format Conference or Workshop Item
author Ilias, Ibtisam@Ilyana
Amin, Naemah
author_facet Ilias, Ibtisam@Ilyana
Amin, Naemah
author_sort Ilias, Ibtisam@Ilyana
title A critical appraisal on financial consumer protection in Malaysia
title_short A critical appraisal on financial consumer protection in Malaysia
title_full A critical appraisal on financial consumer protection in Malaysia
title_fullStr A critical appraisal on financial consumer protection in Malaysia
title_full_unstemmed A critical appraisal on financial consumer protection in Malaysia
title_sort critical appraisal on financial consumer protection in malaysia
publishDate 2015
url http://irep.iium.edu.my/46645/
http://irep.iium.edu.my/46645/1/MACFEA2015_43.pdf
first_indexed 2023-09-18T21:06:24Z
last_indexed 2023-09-18T21:06:24Z
_version_ 1777410962601541632

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