Ant Group is directed to refocus on its payments business and correct regulatory violations in its credit, insurance, wealth management and asset securitisation businesses.
December 31, 2020The SFC and HKMA say firms may adopt a risk-based approach to streamline the provision of product disclosures for sophisticated or experienced investors.
December 30, 2020By end 2022, LEIs will be used in securities and derivatives trading, risk monitoring, regulatory reporting, listed company supervision and the digital yuan ecosystem.
December 18, 2020In recognition of progress to address risk governance issues, APRA has reduced Allianz's additional capital requirement from A$250mn to A$150mn.
December 11, 2020The roadmap makes 37 recommendations, including a 2023 deadline for financial institutions and major listed companies to report according to the TCFD framework.
December 4, 2020The FSC will set up a task force charged with drawing up legislative revisions to reflect changes in IFRS 17 and prepare for implementation in 2023.
December 3, 2020The proposals presented in a new exposure draft seek to promote more innovative, sustainable and inclusive insurance and takaful business models.
December 3, 2020Former representatives of Aviva Financial Advisers and Great Eastern Life were banned for misconduct in the selling of integrated shield policies.
December 3, 2020The consultations form part of a multi-year review to ensure the existing frameworks remain effective and promote public trust in the insurance sector.
December 3, 2020The Better Practice Guide was developed by industry practitioners with APRA and ASIC serving as vocal observers and EY and KPMG providing secretariat support.
November 29, 2020