All posts tagged "product design"
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277ChinaPBOC, CBIRC to Launch New Retirement Savings Pilot
ICBC, Bank of China, China Construction Bank and Agricultural Bank of China will launch encourage personal deposits in retirement savings products.
August 10, 2022 -
506MalaysiaBNM Issues New Rules for Banks Selling Insurance & Takaful Products
The board and senior management shall be held "jointly accountable" for bancassurance/bancatakaful products that result in "poor consumer outcomes".
July 3, 2022 -
352Australia & NZASIC Issues New Guidance on Product Design and Distribution
ASIC has identified behavioural levers that can influence consumer outcomes and situational vulnerabilities that can amplify poor outcomes.
June 28, 2022 -
375Asia-PacificOJK Enhances Consumer Protection Rules for FIs
Financial services firms are required to protect consumers and the public during the entire lifecycle of a financial product or service.
May 26, 2022 -
476ChinaCBIRC Proposes New Rules on Consumer Rights Protection
The proposed rules prohibit misleading sales, compulsory product bundling, unreasonable charges, and "algorithmic discrimination".
May 23, 2022 -
329FeatureSEBI to Allow Exchanges to Offer Commodity Index Options
SEBI has set out a product design and risk management framework that should be used by exchanges looking to offer such products.
March 29, 2022 -
315Hong 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 -
463Capital / Liquidity
CBIRC 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 -
1.3KSecurities / DerivativesMAS 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 -
270Australia & 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
