The inclusion of risk adjustments in insurance liabilities is expected to increase capital requirements for life insurers.
July 27, 2021The self-assessments must be submitted to APRA by 30 November. Feedback will be provided early next year.
July 23, 2021The CSLR will establish an industry-funded compensation mechanism for individuals who have won decisions against insolvent financial firms.
July 21, 2021The initiative will see the establishment of a dedicated online portal for global training on climate risks for central banks and supervisors.
July 13, 2021Corruption complaints concerning the finance and insurance subsectors registered the highest drop among all subsectors.
July 13, 2021New powers will allow MAS to issue legally-binding directions to FIs in relation to unregulated business in bitcoin futures and other payment token derivatives traded on overseas exchanges.
July 5, 2021The HKMA's enforcement standards with respect to insurance intermediary business of banks mirror those adopted by the IA.
July 2, 2021From 1 July, regulators will reissue new licences to banks and insurers, valid for one year, to allow for a transition and exchange period.
July 1, 2021AmCham Taipei's new whitepaper offers recommendations for banking, capital markets, asset management, private equity, insurance, tax, and sustainable development.
June 28, 2021The granting of licences to insurance companies is expected to help diversify the service areas covered by the MyData platform.
June 27, 2021