Up to 31,000 consumers have been remediated for misconduct relating to the sale of travel insurance through Allianz’s own website and those of its partners.
KRX joins the Ministry of Environment, Shinhan Financial Group, KG Financial Group, Posco and SK Innovation in declaring its support for the TCFD.
The PBOC proposes to allow banks and securities firms to only sign an agreement with trading platforms to conduct market making business.
The regulations provide guidelines on to functions, general obligations, ownership and governance structure for a bullion exchange and clearing corporation in Gift City.
The key enforcement proposals relate to consumer rights, the types of firms under scope, and the reach of the new legislation, and the penalties that can be imposed.
The database will use financial statements and loan default information held by financial institutions to generate credit scores and better estimate default risk.
CBDC research provides an "essential opportunity" to pool knowledge and resources and help enhance cross-border payments, says Benoît Coeuré, head of the BIS Innovation Hub.
The draft law expands the PBOC's role in preventing financial risks, assigns it responsibilities to society, and provides a legal basis for its CBDC, among other changes.
The new rules are aimed at providing certainty and appeal for overseas market participants to participate in the DCE's RBD palm olein futures market.
The FASEA regime has created a barrier to many people who seek to provide advice services and to consumers who seek to access them, says a new Rice Warner report.