Breaking News-RTRS - Malaysia liberalises ringgit trade

SINGAPORE, Aug 19 (Reuters) - The Malaysian ringgit (MYR=) hit a 13-year high on Thursday after the country's central bank announced rules to allow the currency to be used to settle cross-border trade. (ID: nSGE67HOGQ)
Here are facts about financial regulation in Malaysia for non-residents:
THE REGULATORS The central bank, Bank Negara Malaysia, sets and manages forex policy, and regulates the financial industry.
The Securities Commission regulates the securities and futures market, is responsible for corporate takovers and mergers, and oversees the clearing house.
The Labuan Offshore Financial Services Authority oversees Malaysia's offshore financial centre.