Tubuh badan kawal selia dana rakyat seperti model Australia, gesa Radzi

Malaysia is considering establishing a regulatory body similar to Australia's Prudential Regulation Authority (APRA) to strengthen oversight of institutions managing public funds, according to Deputy Prime Minister Radzi Jidin. The proposed super-regulatory body would oversee organizations such as the National Hajj Fund (Tabung Haji), Malaysia Armed Forces Investment Fund (LTAT), Employees' Provident Fund (KWSP), Civil Servants' Provident Fund (KWAP), and National Power Corporation (PNB).

Radzi argues that Malaysia currently lacks a comprehensive regulatory framework for non-bank financial institutions, which are currently governed by various acts and ministries. He emphasizes the need for a dedicated prudential regulatory agency to oversee these institutions, stating that the RCI's proposal to have the Securities Commission (SC) oversee Tabung Haji is insufficient and calls for a comprehensive approach.

Radzi suggests that the government should discuss this proposal with former Bank Negara Governor Muhammad Ibrahim and regulatory experts. Aminolhuda Hassan (PH-Sri Gading) also supports the creation of a regulatory oversight for non-bank financial institutions, highlighting that Malaysia lacks a single authority responsible for the well-being, systemic risk assessment, and corporate governance supervision of the financial sector outside of banking.

He urges the government to amend the Tabung Haji Act 1995 (Act 535) to prohibit active politicians from serving as TH board members or directors, as this would strengthen the position of the Syariah Advisory Panel in their decisions.