On top of guidance for banks, APRA and ASIC issued a consultation on FAR implementation for insurance and superannuation entities.
March 15, 2024APRA has removed the A$500mn capital add-on it imposed on NAB in 2019 to reflect higher operational risk identified in its risk governance self-assessment.
March 14, 2024Vanke has been one of the few remaining Chinese property developers rated investment-grade by international rating agencies, until now.
March 12, 2024Cathay Life Insurance has already announced it will establish an SPV in Singapore to issue bonds, which would make it the first to take advantage of the revision.
March 8, 2024China Life Insurance and New China Life Insurance have finished setting up a new fund that will be used to invest in and support the stock market.
March 6, 2024Capital add-ons may be used to address inadequate progress towards strengthening resilience to climate-related risks.
March 5, 2024The guidance is intended for firms operating within UK territories or dealing with UK-affiliated entities.
February 29, 2024FIs are invited to sign a statement demonstrating support for an international legally binding instrument to end plastic pollution.
February 29, 2024The insurers coordinated with each other when negotiating contracts with corporate customers on insurance premiums, affecting more than 570 policyholders.
December 27, 2023For certain sectors, UK financial services firms will be able to serve clients in Switzerland while largely following UK rules, and vice versa.
December 22, 2023