All posts tagged "product design"
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135Hong KongSFC Imposes Tougher Requirements for ILAS Products
ILAS products should be designed fairly and deliver fair outcomes. Issuers should lower surrender charges. Product features should not be unduly complex.
November 5, 2021 -
336Capital RegulationCBIRC Drafts Liquidity Risk Management Rules for WMPs
Wealth management firms must continually monitor liquidity risk in wealth management products as well as the assets in which they invest.
September 16, 2021 -
860Securities & TradingMAS Raises Focus on Fund Liquidity Risk Practices
MAS wants funds to increase the frequency of liquidity risk monitoring and to extend reporting of significant redemptions to non-retail funds.
May 31, 2021 -
217Australia & NZASIC Consults on Deferred Sales Model for Add-on Insurance
From 5 October, the deferred sales model will introduce a four-day pause between the sale of a principal product or service and the sale of add-on insurance.
March 13, 2021 -
212Australia & NZ
Targeted Product Intervention to Lead to ‘Less Regulation’: ASIC
Commissioner Sean Hughes said ASIC will only need to intervene when there are signs of harm and misconduct, emphasising the checks and balances in place.
February 23, 2021 -
986FeatureHKMA Asks FIs to Protect Customer Interests in LIBOR Switch
Banks are expected to develop robust education and outreach programmes to help customers make informed decisions when assessing the options available in the transition.
October 22, 2020 -
1.6KAustralia & NZ
ASIC Four-year Plan Targets Misconduct, Innovation
In its four year corporate plan, ASIC says it will target misconduct and consumer harm, while also promoting fintech, regtech and suptech innovation.
September 2, 2020 -
573Australia & NZ
ASIC Guidance Sets Out Scope of Product Intervention Powers
The product intervention power allows ASIC to respond to harms in the financial sector, but it must consult with affected persons before each use of the power.
June 18, 2020 -
455Australia & NZ
ASIC 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 -
750Australia & NZ
Australia Defers All Royal Commission Commitments by Six Months
In line with the Treasury's announcement, ASIC has deferred mortgage broker reforms and the introduction of product design and distribution obligations.
May 9, 2020
