All posts tagged "Insurers"
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359ChinaCBIRC Issues Rules for Launching Private Pension Products
A new CBIRC notice is aimed at encouraging banks, wealth management firms and life insurers to develop their commercial pension business.
May 12, 2022 -
477ChinaCBIRC Warns Three FIs Over Complaints Handling Violations
ICBC, China Everbright Bank and China Post Life Insurance violated the CBIRC's rules for handling customer complaints and reporting complaints data.
May 8, 2022 -
349ChinaCSRC Launches Campaign to Expand Public Funds Market
Banks, insurers, brokers and foreign FIs are urged to establish licensed fund management companies. Fund investment channels will be expanded and operational rules relaxed.
May 3, 2022 -
480MalaysiaBNM Proposes Rules for Hiring Insurance, Takaful Agents
Insurers and takaful operators must undertake a due diligence process that includes reference checks with all of an agent's current and former employers.
April 30, 2022 -
424FeatureMalaysia Advances Work on Financial Sector Sustainability
A new report was released assessing current sustainability practices at FIs. Work has commenced to develop a climate disclosure guide for businesses.
April 28, 2022 -
323ChinaCBIRC Directs FIs to Provide Support to Covid-hit Logistics Sector
Banks are directed to increase financial support for transportation enterprises, including by offering them new lending, deferring loan repayment, and lowering loan interest and fees.
April 19, 2022 -
378InternationalCanada to Require Climate Disclosures for FIs from 2024
The OSFI will consult financial institutions on climate disclosures guidelines that will phase in mandatory TCFD-aligned reporting beginning in 2024.
April 14, 2022 -
612Australia & NZAPRA to Set Out Expectations for FIs Dealing in Digital Assets
APRA will not be introducing new regulatory requirements for FIs or attempting to hinder innovation. Rather, it will be asking them to closely assess and monitor new operational risks.
April 11, 2022 -
404Australia & NZ
APRA to Align Definition of SFI Across Prudential Standards
Under the changes, foreign-owned ADIs will only be considered a 'significant financial institution' for capital adequacy purposes if they are large or complex.
April 7, 2022 -
270Hong KongHMKA, IA Issue Rules on Use of Premium Financing in Insurance
The rules will promote better disclosures and facilitate informed decision-making by customers who intend to use premium financing for life policies.
April 6, 2022
