All posts tagged "Insurers"
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1.1KChinaCBIRC Issues New Guidelines on Managing Outsourcing Risk
The guidelines emphasise the need for appropriate governance, differentiated controls based on the importance of outsourced functions, and awareness of concentration risk.
January 10, 2022 -
579FeatureTaiwan Proposes New Framework for Authorising Internet-only Insurers
Sponsors of internet-only insurers can include financial institutions and fintech companies. Applications are expected to open in August 2022.
December 24, 2021 -
275ChinaCBIRC Asks Banks, Insurers to Finance Technology Innovation
The CBIRC says it actively supports direct and indirect financing of tech enterprises, on the premise of "controllable risks and compliance with laws and regulations".
December 22, 2021 -
409ChinaCBIRC Authorises Insurers to Engage in Securities Lending
The move will improve China's short-selling mechanism, which will decrease market volatility, improve price discovery, reduce market risk, and create additional income for insurers.
December 8, 2021 -
269ChinaChina to Redeploy Retiring Execs from Established to Smaller FIs
Retiring senior professionals from large FIs will have the opportunity to serve as senior executives, independent directors or external supervisors at small and mid-sized banks and insurers.
December 8, 2021 -
1.3KESG / Sustainability
Taiwan Issues Climate Risk Disclosure Guidelines for Banks, Insurers
The first disclosures are expected to be published by the end of June 2023, covering governance, strategy, risk management, and metrics and targets.
December 6, 2021 -
483China
CBIRC Identifies Corporate Governance Deficiencies at Banks, Insurers
The CBIRC identified issues with shareholder behaviour, related party transactions, risk management systems, and internal audit, among other areas.
November 16, 2021 -
555FeatureMAS Raises Corporate Governance Expectations for FIs
New expectations on corporate governance will start to take effect from 1 January 2022, MAS says in its consultation response.
November 12, 2021 -
287Australia & NZNZ FMA Expects Proactive Self-reporting of Misconduct Issues
The minimum expectation for good conduct risk management is for firms to self-report potential breaches to the FMA, said acting general counsel Karen Chang.
November 9, 2021 -
610ESG / SustainabilityPace of Change Open to Question on COP26 Finance Day
Finance sector commitments are strongly in evidence, but NGOs and asset owners call for increased fossil fuel focus.
November 4, 2021
