All posts tagged "insurance"
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532FeatureHKMA Sets Timeline for Mandatory Reference Checking Regime
Banks have until 2 May 2023 to put in place the necessary internal controls, policies and procedures required for Phase 1 implementation of the MRC regime.
May 9, 2022 -
382Fintech / RegtechAIMA Publishes Institutional Investor Guide on Digital Asset Custody
The guide was produced with contributions from Anchorage Digital, Barclays Investment Bank, Capco, Coinbase, Copper, Digivault, and Fidelity Digital Assets, among others.
May 4, 2022 -
677Fintech / RegtechIndia’s GIFT City to Introduce Fintech Regulatory Sandbox
The dedicated regulatory sandbox is part of government efforts to establish GIFT City as 'world class' fintech hub.
May 4, 2022 -
480MalaysiaBNM Proposes Rules for Hiring Insurance, Takaful Agents
Insurers and takaful operators must undertake a due diligence process that includes reference checks with all of an agent's current and former employers.
April 30, 2022 -
380Malaysia
BNM Finalises Conduct Requirements for Financial Advisers
Advisers will have to provide customers with suitable product options from at least three different providers for each class of insurance or takaful business being recommended.
April 29, 2022 -
232ChinaCBIRC Directs Banks to Finance Green Highway Construction
Banks are asked to provide financing support for government highway projects and optimise the repayment arrangements for such projects.
April 28, 2022 -
392Capital RegulationHK to Implement Capital Standard for Banks’ Fund Exposures
The capital standard for banks’ equity investments in funds is expected to come into operation in Hong Kong on 1 July 2022.
April 27, 2022 -
333SingaporeSingapore: New Guidance Issued on Enhancing Insurer Service Quality
Singapore's Insurance Culture and Conduct Steering Committee published a third paper offering guidance on improving conduct and culture in the insurance ecosystem.
April 27, 2022 -
556Australia & NZAustralian Court Orders Westpac to Pay A$113m in Penalties
The penalties are the result of six proceedings brought by ASIC in November. Westpac had already agreed to pay the penalties and customer remediation.
April 25, 2022 -
515FeatureHKMA to Develop Additional Safeguards for Bank Customers
A fresh review of the Banking Code of Practice has been launched, covering information disclosure, customers’ finance management, and dispute handling.
April 20, 2022
