Marking A Sterling Milestone: Serving 25 Years As The Regulator of Asia's Wholesale Intermediation Centre, Labuan IBFC
Having begun its journey as the regulator for Labuan IBFC on 15 February 1996, Labuan FSA celebrates its silver jubilee in 2021. Growing from strength to strength, the 25-year progress has been a fulfilling period of growth, with a myriad of challenges accompanied by rewarding achievements.
The establishment of Labuan FSA had led to the transformation and streamlining of regulatory and supervisory functions in administering the financial activities in Labuan IBFC under a central authority. It aims to promote and develop Labuan as a preferred international business and financial centre in Asia.
From less than 20 staff during inception, today Labuan FSA has over 100 staff. The last two decades have seen dynamic progress as Labuan FSA pursued policy changes as well as legislative and regulatory enhancements to meet evolving global standards and industry demands.
These efforts have made Labuan IBFC more resilient and stronger today. Its pragmatic regulatory and supervisory approach combines the ease of doing business with high international prudential standards, making the jurisdiction an ideal base for international investors seeking innovations and growth in Asia Pacific.
The establishment of Labuan FSA had led to the transformation and streamlining of regulatory and supervisory functions in administering the financial activities in Labuan IBFC under a central authority. It aims to promote and develop Labuan as a preferred international business and financial centre in Asia.
From less than 20 staff during inception, today Labuan FSA has over 100 staff. The last two decades have seen dynamic progress as Labuan FSA pursued policy changes as well as legislative and regulatory enhancements to meet evolving global standards and industry demands.
These efforts have made Labuan IBFC more resilient and stronger today. Its pragmatic regulatory and supervisory approach combines the ease of doing business with high international prudential standards, making the jurisdiction an ideal base for international investors seeking innovations and growth in Asia Pacific.
2021 & Beyond: Prioritising Business Innovation and Market Modernisation
Labuan Financial Services Authority (Labuan FSA) is committed to realising a vibrant and forward looking intermediation centre in Asia, by driving digital transformation in financial services.
