All posts tagged "Sales"
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371Asia-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 -
471ChinaCBIRC Proposes New Rules on Consumer Rights Protection
The proposed rules prohibit misleading sales, compulsory product bundling, unreasonable charges, and "algorithmic discrimination".
May 23, 2022 -
701ChinaChina Launches Data Platform for Wealth Management Sector
The platform is expected to help wealth management companies expand and enhance their product sales channels - especially the WMC units of smaller-scale banks.
January 27, 2022 -
318Hong KongHKMA Finds Gaps in How Banks Sell Tax Deductible Products
Some banks did not ensure the products were suitable, or did not explain product features and risks to customers.
September 16, 2021 -
631FeatureMAS Proposes New Safeguards for Vulnerable Customers
MAS proposes additional safeguards for clients receiving financial advice if they are elderly, not proficient in English, or have lower academic qualifications.
July 1, 2021 -
394AML / KYCKorean Lawmakers Push for Tougher Crypto Legislation
Lawmakers are pushing for tougher crypto legislation to protect crypto investors against unfair practices and price manipulation.
May 12, 2021 -
545Hong Kong
HKMA to Commence Review of Front Office Incentive Systems
The review will focus on how incentive systems at 20 retail banks are designed and implemented, and how they drive behaviours of frontline staff and affect customer outcomes.
March 17, 2021 -
620FeatureHKMA Relaxes Rules on Retail Sales of Government Bonds
Banks can forgo suitability assessments and audio recordings when distributing low-risk, non-complex retail tranches of Hong Kong or Mainland government bonds.
August 3, 2020
