Subject: Regulatory Page 41 / 94
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- October 18 2019
China liberalises
The State Council has scrapped foreign shareholding limits for banks and insurers, effective immediately.
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- October 11 2019
Thai regulator needs teeth
The OIC should be given more independence, says the IMF in its latest assessment.
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- October 11 2019
South Korea’s FSC to delay IFRS17
The country's regulatory body will delay by one year the adoption of the new global accounting standards.
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- October 10 2019
Winnie Wong leads Asia Insurance’s diversification
The Hong Kong insurer has teamed up with the founder of Hillhouse Capital.
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- October 8 2019
Malaysia’s fire detariffication set for delay: report
The long awaited reform is still being scrutinised by the regulator.
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- October 8 2019
Australia’s Reserve Bank warns on profits and climate
A financial stability review has raised concerns for the life market and about climate change.
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- October 7 2019
Criminal charges pressed against CBA subsidiary
CommInsure is facing 87 charges related to the selling of life policies in 2014.
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- September 27 2019
MoU signed between regulators OIC and MAS
Thailand and Singapore commit to collaboration on industry supervision.
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- September 26 2019
Global groups request another IFRS 17 delay
Insurers worldwide seek more time to implement the already-postponed adoption of IFRS 17.
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- September 23 2019
Hong Kong’s IA publishes broker registry
The move comes as the Insurance Authority takes over regulatory duties.
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- September 20 2019
RFIB granted Hong Kong authorisation
The (re)insurance broker will have its full team in place by the end of October.
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- September 18 2019
Hong Kong ushers in IA broker regulatory era
The Insurance Authority regime is likely to be evolution rather than revolution.
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- September 17 2019
IAG defending potential US$690m class action suit
The first court hearings of an add on lawsuit against the Australian giant have begun.
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- September 13 2019
Japan’s regulator to investigate Japan Post’s mis-selling
The investigation is expected to last two months.
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- September 12 2019
Indian banks’ stakes in insurers to be capped: report
A 30% cap would be a significant change for the market.
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- September 4 2019
Hong Kong’s regulator refines broker code of conduct
Insurance Authority is to adopt "flexible approach" as regime for agents and brokers begins.
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- September 3 2019
Australia to reveal insurers in customer disputes
The Australian Financial Complaints Authority is working out a start date for the regulation.
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- September 2 2019
India’s FDI broking boost
International brokers likely to take advantage of the country's 100% FDI reforms.
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- September 2 2019
India ushers in 100% FDI for brokers
There has been a mixed reaction from India's broking association to the move.
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- August 30 2019
20 insurers in China issued rectification notices
The firms were found to have made a series of errors and have been instructed to make amends.
