As part of the plan, FIs will be encouraged to invest in the field of data security and provide convenient and efficient financial services to the sector.
January 19, 2023The fine is one of the largest ever in an Indonesian corruption case. Prosecutors reportedly plan to appeal the ruling to seek the death penalty.
January 17, 2023AIA and PICC said the incorrect data in their solvency reports was due to an incorrect understanding of the rules as well as calculation errors.
January 12, 2023KYC documents have to date not been mandatory for non-life or general insurance policies at the time of purchase.
January 8, 2023Auto finance companies will be allowed to set up overseas subsidiaries to provide financial services to Chinese automakers pursuing international expansion.
January 8, 2023Following talks with reinsurers, Japanese insurers can continue offering marine war insurance to LNG carriers in Russian waters until March.
January 5, 2023When coverage is provided, it is becoming more pricey and contains broad policy exclusions that would deny any FTX-related claims.
December 27, 2022Higher systemic risk scores are driven by increased exposures to illiquid and difficult-to-value assets, OTC derivatives, repo transactions and other factors.
December 20, 2022The US imposed new sanctions against Russian FIs and the country's richest businessmen. The European Council adopted a ninth sanctions package against Russia.
December 19, 2022The ACCC said ING Bank was not capable of receiving consumer data requests from accredited data recipients within the required timelines.
December 19, 2022