All posts tagged "distribution"
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406MalaysiaBNM to Raise Standards for Bank Sales of Insurance, Takaful Products
New draft rules are aimed at strengthening safeguards to ensure the delivery of better outcomes for consumers of insurance/takaful products.
September 5, 2021 -
155Fintech / RegtechRBI Working Towards Phased Implementation of CBDC
Like other central banks, the RBI has been exploring a CBDC and is now examining use cases which could be implemented with little or no disruption.
July 26, 2021 -
100Australia & NZASIC Proposes Additional Guidance on Litigation Funding
ASIC proposes to grant relief from the equal treatment duty to enable the effective distribution of a resolution sum obtained in a class action.
July 18, 2021 -
207ChinaCBIRC Green-lights BlackRock-CCB Wealth Management Venture
The wealth management JV is 50.1% owned by BlackRock, 40% by China Construction Bank's wealth management subsidiary, and 9.9% owned by Temasek.
May 14, 2021 -
394Hong KongHKMA to Commence Review of Front Office Incentive Systems
The review will focus on how incentive systems at 20 retail banks are designed and implemented, and how they drive behaviours of frontline staff and affect customer outcomes.
March 17, 2021 -
1.1KSingaporeMAS Finalises New Rules for Insurers Managing Par Funds
New requirements on how insurers offering participating insurance policies can charge expenses to Par funds will take effect on 1 January 2021.
November 22, 2020 -
752EnforcementMalaysia SRO Reprimands Two Unit Trust Consultants for Misconduct
The two consultants allegedly schemed a plot to market, distribute and sell unit trust funds while they served as registered consultants of different entities.
October 23, 2020 -
972FeatureHKMA Asks FIs to Protect Customer Interests in LIBOR Switch
Banks are expected to develop robust education and outreach programmes to help customers make informed decisions when assessing the options available in the transition.
October 22, 2020 -
1.6KFintech / RegtechBOJ to Commence CBDC Testing as Early as April 2021
A proof of concept will take place over two phases, followed by a possible pilot programme involving private payment service providers and end-users.
October 12, 2020 -
706EnforcementKorea FSS to Penalise Brokerage CEOs Over Lime Asset Mis-selling
The proposed sanctions may include a ban on former and current CEOs of three brokerage firms from working in the financial industry for up to five years.
October 8, 2020
