Banks should discuss their plans for selling PLP with the HKMA and the details of pre-implementation reviews conducted by an independent party.
July 12, 2022The measures seek to create a "multi-tier, professionalised and specialised tech financing system" in Beijing.
July 8, 2022Applications will be open from 1 August. Fubon Financial and CTBC Financial have reportedly expressed interest in the licence.
July 6, 2022The board and senior management shall be held "jointly accountable" for bancassurance/bancatakaful products that result in "poor consumer outcomes".
July 3, 2022Banks, insurers and non-bank deposit takers will be required to obtain a conduct licence from the FMA, on top of their prudential licences from the RBNZ.
July 1, 2022HKMA will formulate a detailed roadmap of initiatives to further promote Investech, Wealthtech, Insurtech and Greentech, as well as artificial intelligence and DLT.
June 24, 2022China’s new National Climate Adaptation Strategy 2035 New Climate Adaptation Strategy encourages financial institutions to innovate and expand solutions.
June 20, 2022ANZ was fined last year for making misleading representations when distributing CCRI policies, many of which were issued by Cigna and OnePath.
June 16, 2022Insurance companies have been experiencing declining levels of risk-based capital due to rising interest rates and mark-to-market losses on bond holdings.
June 14, 2022UK and Japan participants agreed to establish an innovation working group to provide a space for collaboration on payments, cryptoassets and financial innovation.
June 14, 2022