All posts tagged "insurance"
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510ChinaChina: Former Insurance Regulator Jailed on Corruption Charges
Xiang was fired from his post as the CIRC's chairman in April 2017, and placed under investigation for accepting CNY 18.6 million in bribes between 2005 and 2017.
June 18, 2020 -
1.4KAustralia & NZNew Zealand’s New Conduct Regime Not Adequately Developed
The bill to introduce a new conduct regime in New Zealand is not yet adequately developed, say Consumer New Zealand, the NZBA, and the Financial Services Council.
June 13, 2020 -
499Australia & NZNew Zealand FMA Files High Court Proceedings Against ANZ
ANZ issued over 300 duplicate credit card repayment insurance policies, charging double premiums for no additional cover, and failed to cancel policies for over 400 ineligible customers.
June 8, 2020 -
768EnforcementTaiwan: FSC Fines Four Banks, Two Insurers $700,000
The Taiwan branch of Cardif Assurance Vie was fined for collaborating with banks to get clients to borrow money against old policies to buy new insurance products.
May 20, 2020 -
373Australia & NZASIC Secures Remediation for Junk Insurance Sales by Banks
ASIC has secured A$160mn in remediation for consumers and plans to take enforcement action against lenders who sold junk consumer credit insurance products.
May 14, 2020 -
499ChinaHSBC Seeks CBIRC Approval to Fully Acquire Insurance JV
HSBC's insurance unit has entered into an agreement to buy the remaining 50% equity interest in its China joint venture - HSBC Life China.
May 5, 2020 -
780Australia & NZBanks Sufficiently Capitalised to Pay Dividend, says RBA Governor
Australian banks are well-capitalised and have the ability to pay dividends, says RBA governor Philip Lowe. ANZ, Westpac and NAB are reportedly engaging with APRA on the issue.
April 23, 2020 -
437Australia & NZAPRA Suspends Issuance of New Licenses
Given the challenges new entrants face even under normal economic conditions, APRA does not consider it prudent to license new entities for at least the next six months.
April 9, 2020 -
1.1KFeatureMAS Unveils Debt Relief Measures for Individuals, SMEs
Mortgage loans and SME term loans can be deferred. Credit card balances can be converted to low-cost term loans. Insurance payments can be deferred or rescheduled.
April 1, 2020 -
647Capital RegulationMalaysia: BNM Enhances Financing Facilities for SMEs
BNM is allocating an additional 4 billion ringgit to its financing facilities for SMEs and lowering interest rates to help them sustain their operations and preserve jobs.
March 30, 2020
