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Regulation tag returned 719 results

  • ASEAN: Member states to strengthen cyber coordination and capacity-building efforts

    ASEAN countries have agreed to draw up a formal regional cyber security mechanism to decide on cyber diplomacy, policy and operational issues, said the Cyber Security Agency of Singapore.

    Asia Risk | 26 Sep 2018
  • Indian insurers can soon adopt 'sandbox' approach for new products

    The Insurance Regulatory and Development Authority of India (IRDAI) has decided to develop a 'regulatory sandbox' to enable testing of products in a controlled environment so that the industry can keep pace with the fast-evolving financial technology scenario.

    AIRPlus | 25 Sep 2018
  • Morocco: Operators prepare for the fine tuning phase of solvency rules

    A draft circular issued by the Insurance and Social Insurance Supervisory Authority (ACAPS) introduces qualitative requirements for new standards in the governance and risk management of insurance companies. The risks that must be controlled include operational risks.

    Middle East | 24 Sep 2018
  • Australia: Insurers lagging their global counterparts in readiness for new accounting standards

    Australian insurers are behind international counterparts in readiness for new major new accounting standards, according to a new report by KPMG.

    Asia Risk | 19 Sep 2018
  • Australia's new Treasurer wants answers about financial misconduct from corporate regulator

    Mr Josh, Frydenberg, appointed as Australia's new Treasurer three weeks ago, has said that he wants answers from the Australian Securities and Investments Commission (ASIC), the integrated corporate, markets, financial services and consumer credit regulator, about what has gone wrong in the financial services sector, including insurance. "I'm appalled by the behaviour that has been exposed through the banking royal commission."

    Asia | 18 Sep 2018
  • Taiwan's regulator to limit insurers' investments in Formosa bonds

    Taiwan's financial regulator plans to put limits on the investments of insurance companies in Formosa bonds, following a spike in their holdings of bonds issued by foreign issuers, reports Reuters.

    Asia | 18 Sep 2018
  • The long wait to end soon

    Myanmar, the 'last frontier market' for the international business community is likely to open its insurance sector to foreign players in the financial year beginning 1 October 2018. The Insurance Business Regulatory Board (IBRB) plans to hire international consultants to help it screen and review foreign insurers before permitting them into the market. The market, which for political reasons has remained elusive and isolated from the world for over five decades, is seen as one with huge potential for growth.

    AIRPlus | 17 Sep 2018
  • Australia: Regulator releases standards for private health insurance industry

    The Australian Prudential Regulation Authority (APRA) has released a package of prudential standards and guides aimed at improving governance and decision-making in the private health insurance (PHI) industry.

    Asia | 17 Sep 2018
  • Saudi Arabia: 9 insurers restructure capital

    Nine insurance companies listed on the Saudi stock market have restructured their capital by either raising or reducing capital since the beginning of 2018 to improve solvency or to write off accumulated losses.

    Middle East | 16 Sep 2018
  • Regulator orders shareholder changes in 5 insurers

    Five insurers have been ordered by the insurance regulator to change their shareholders since last December as part of an ongoing crackdown on misconduct and connected dealings by shareholders of insurance companies.

    China | 14 Sep 2018

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