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...
| Main Authors: | , , |
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| Format: | Book Chapter |
| Language: | English |
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The International Association of IT Lawyers
2014
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/40857/ http://irep.iium.edu.my/40857/1/40857.pdf |
| _version_ | 1848782017421901824 |
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| 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 |
| building | IIUM Repository |
| collection | Online Access |
| 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. |
| first_indexed | 2025-11-14T15:58:46Z |
| format | Book Chapter |
| id | iium-40857 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T15:58:46Z |
| publishDate | 2014 |
| publisher | The International Association of IT Lawyers |
| recordtype | eprints |
| repository_type | Digital Repository |
| 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 |
| spellingShingle | HG Finance K Law (General) Abdul Rahman, Nasarudin Ahamat, Haniff Abd Ghadas, Zuhairah Ariff Competition law and the Malaysian financial market |
| title | 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_short | Competition law and the Malaysian financial market |
| title_sort | competition law and the malaysian financial market |
| topic | HG Finance K Law (General) |
| url | http://irep.iium.edu.my/40857/ http://irep.iium.edu.my/40857/ http://irep.iium.edu.my/40857/1/40857.pdf |