UKFB3053: Discuss whether it is rationale for the Royal Commission of Inquiry (“RCI”) to revisiting the allegations on the matter in 2017: Financial Markets & Regulations Assignment, UTAR, Malaysia

Students are required to undertake an in-depth study of the Bank Negara foreign exchange losses, which has been a controversial issue in the foreign exchange markets.

Your investigation and outcomes should cover the following:

1. Examine the major reasons for Bank Negara to take part in the forex trading and discuss how the Bank Negara could incur such colossal losses.
2. Examine and discuss should there be any financial malpractices and abuses in power when the Bank Negara participated in the forex trading.
3. Discuss whether it is the rationale for the Royal Commission of Inquiry (“RCI”) to revisit the allegations on the matter in 2017? Examine whether the request from Bank Negara’s inquiry for the trial to be closed-door was fair to the public?
4. Evaluate and discuss whether Bank Negara, as a central bank as well as the regulatory, is allowed to participate in forex trading and how these colossal losses have impacted Malaysia’s financial position.

Objectives of the Task: 

1. To evaluate students’ understanding of the financial market issues and to provide critical solutions to address the matters, whichever is applicable.
2. To evaluate the students’ ability to articulate the issues within the Malaysian financial market’s regulatory frameworks.
3. To assess students’ ability to identify the key contributing factors that contribute to the issues, whichever is applicable.