Deutsche Bank has recently received approval from the central bank, Bank Negara, to set up an equity derivatives operation in Malaysia. A Deutsche Bank spokesman in Singapore said the firm has received a license allowing it to enter equity swaps, equity forwards and to sell equity-linked notes in Malaysia. The German bank is restricted to on-shore transactions. An official at Bank Negara in Kuala Lumpur said it does not comment on the activity of individual banks.
An official at a rival firm said that Deutsche Bank is bold to set up an equity derivatives operation in the heavily regulated Malay market.
