All posts tagged "insurance"
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231EnforcementHKMA Adjusts Scope of Mandatory Reference Checking Regime
The HKMA has adjusted the scope of the regime, shortened the record retention requirement, and lengthened the time allowed to respond to an MRC request.
May 5, 2021 -
110Australia & NZAPRA Chair Outlines Initiatives to Address Key Risks to Financial Sector
APRA is piloting a risk culture survey, independent cyber security reviews, and a new data collection exercise on technology and cyber risks.
May 3, 2021 -
167ChinaChina Regulators Order Tech Firms to Rectify Violations
Thirteen tech firms including Tencent, ByteDance and Baidu’s fintech arm are directed to correct regulatory violations in their financial services businesses.
May 2, 2021 -
200AML / KYCTaiwan Launches ‘MyData’ Platform With 15 Banks
The platform allows consumers to use personal data stored by government agencies to facilitate their access to financial services.
April 21, 2021 -
67EnforcementFormer AIA Agent Convicted For Fraud Over Signing Fee
The former representative submitted false income proof statements to deceive AIA into offering him a higher signing fee.
April 19, 2021 -
88Australia & NZASIC Seeks Penalties from Westpac Over Credit Insurance Sales
ASIC says Westpac debited premiums for consumer credit insurance from customers who did not agree to purchase the products.
April 13, 2021 -
156Australia & NZ
APRA Updates Cyber Insurance Reporting Requirements
APRA has adopted a recommendation to extend the timeframe for full implementation, saying it will facilitate a more effective process without materially impacting its objectives.
March 19, 2021 -
281ChinaAnt Group Imposes Self-Discipline Rules, CEO Resigns
The self-discipline financial rules apply to Ant Group’s wealth management, insurance, consumer loans, small-and-micro-business loans and credit-scoring businesses,
March 17, 2021 -
132KoreaS. Korea FSC Revises Supervisory Regulation on Insurance
The foreign exchange position limit of insurance companies will be increased from 20 percent to 30 percent of the total adjusted capital.
March 17, 2021 -
115Australia & NZASIC Consults on Deferred Sales Model for Add-on Insurance
From 5 October, the deferred sales model will introduce a four-day pause between the sale of a principal product or service and the sale of add-on insurance.
March 13, 2021
