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Financial consumer protection regime in Malaysia : assessment of the legal and regulatory framework.

Ahmed, H. and Ibrahim, I.R. (2018) 'Financial consumer protection regime in Malaysia : assessment of the legal and regulatory framework.', Journal of consumer policy., 41 (2). pp. 159-175.

Abstract

This paper examines the status of the legal and regulatory framework for consumer protection in Malaysia, an emerging economy. Using leximetrics and notions of incomplete law, the paper explores the financial consumer protection regime in the country by examining two aspects of the legal framework: the legal infrastructure and typology of laws. The Malaysian legal framework for financial consumer protection is assessed in light of the good practices identified in international guidelines issued on the themes by OECD and the World Bank. The results highlight the complementary nature and different roles that laws, regulations, and supporting institutions play in achieving a comprehensive financial consumer protection framework in the country.

Item Type:Article
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Status:Peer-reviewed
Publisher Web site:https://doi.org/10.1007/s10603-018-9369-0
Publisher statement:© The Author(s) 2018 Open Access This article is distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license, and indicate if changes were made.
Date accepted:04 February 2018
Date deposited:06 February 2018
Date of first online publication:19 March 2018
Date first made open access:No date available

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