All posts tagged "insurance"
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International
New Supervisory Framework for Internationally Active Insurers
The global framework comprises an enhanced set of supervisory policy measures and powers of intervention, along with an annual IAIS global monitoring exercise.
November 15, 2019 -
1.7KAML / KYCSFC Unveils Regulatory Framework for Crypto Exchanges
Under the new framework, announced at Hong Kong Fintech Week, platform operators that offer trading in virtual assets classified as securities may seek Type 1 and Type 7 licences from the SFC.
November 7, 2019 -
230Australia & NZACCC Mortgage Pricing Inquiry to Extend Beyond Mortgage Pricing
ACCC chairman Rod Sims reportedly told a parliamentary hearing that bundling products such as credit cards and insurance would form part of the agency’s inquiry.
October 24, 2019 -
865Capital RegulationChina Further Opens Banking, Insurance Sectors to Foreign FIs
Effective immediately, foreign financial institutions can establish wholly-owned banks in China, which can be operated alongside foreign bank branches and Sino-foreign joint venture banks.
October 17, 2019 -
401EnforcementMAS Bars Four Individuals for Fraudulent, Dishonest Conduct
The former representatives from Great Eastern Life, Prudential and UOB abused the trust clients placed in them and enriched themselves at the expense of clients, MAS said.
October 14, 2019 -
651FeatureHKMA Updates Rules on Sales of Banking Products
Banks may not sell investment, insurance and MPF products in areas that are used for deposit-taking activities, and the face-to-face sales process must be audio-recorded.
September 27, 2019 -
225EnforcementJapan Post to Check 30mn Contracts in Insurance Mis-selling Probe
Up to 183,000 Japan Post customers have been affected by unlawful insurance sales practices over the past five years, double the amount initially found.
August 3, 2019 -
372Australia & NZAustralia Introducing Bill to End Conflicted Remuneration
Draft bill to end unfair terms in insurance contracts released on Tuesday; bill to end grandfathering of conflicted remuneration to being introduced Thursday.
July 31, 2019 -
479Australia & NZFMA to Open Applications for New Adviser Licences in November
Announced last month, the new licensing regime will require financial advisers to operate under a new transitional licence from June 2020.
July 26, 2019 -
598Australia & NZ
New Zealand FMA Sets Out Key Focus Areas, Strategic Objectives
The FMA is prioritising governance, culture, systems and controls, as well as mechanisms to deter misconduct and facilitate informed decision-making by investors and customers.
July 24, 2019
