03/11/2021
ASIC consults on implementing a deferred sales model for add-on insurance products
The deferred sales model introduces a four-day pause between the sale of a principal product or service and the sale of an add-on insurance product.
Legal, Regulation & Compliance
03/11/2021
Singapore central bank to invest US$2 billion in green assets via select managers
“These asset managers will be valuable partners to MAS and the investor community in the sustainability journey,”
03/11/2021
FSC Korea Extends Easier Liquidity Rules for Banks
The easier liquidity rules, after an extension in August, have been scheduled to end this month. The FSC has now decided to extend the measures until end-September.
03/11/2021
Myanmar Banks Fail to Resume Operations Despite CBM Order
The banks lack staff for functions ranging from counting money to providing payroll services to companies, the Financial Times reports.
03/10/2021
Ogier launches Talent4Impact fellowship for next generation of ESG professionals
This is a really unique opportunity to gain exposure to the ESG and Impact at specially selected local businesses and organisations striving to transition Hong Kong to a sustainable economy.
03/10/2021
"The Future of Capital is Green" - Keynote Address by Mr Ravi Menon
“These asset managers will be valuable partners to MAS and the investor community in the sustainability journey.”
03/10/2021
PwC Offers ESG Risk Management Recommendations for Banks
The PwC report outlines the typical challenges banks face as they prepare for implementation of the guidelines by June 2022.
03/10/2021
China strengthens national security review of foreign investments
The Measures also extend to a foreign investor’s purchase of a domestic company’s shares listed on stock exchanges.
03/10/2021
APRA agrees to court enforceable undertaking from Allianz Australia
Allianz’s weaknesses in its risk culture, risk governance, and risk management are longstanding.
03/10/2021
Court finds that TAL Life Limited breached its duty of utmost good faith – Royal Commission referral
ASIC alleged that TAL avoided the policy without first giving notice to the consumer of a retrospective investigation into her medical history or offering her an opportunity to address the concerns raised before rejecting her claim.
03/09/2021
APRA urges life insurers and superannuation funds to address sustainability of insurance in superannuation
APRA is concerned that, if the observed trends and practices continue, members are likely to be adversely affected by further substantial increases in insurance premiums and/or reductions in the value and quality of life insurance offered through superann
03/09/2021
FSC Korea Issues New Rules for Non-holding Financial Groups
The new legislation, approved by the government in August and passed in the National Assembly in December, defines non-holding financial groups as those with total assets of at least KRW 5 trillion or with two or more subsidiaries operating financial busi
03/09/2021
Hong Kong faces delay to plans to attract more family offices
The city is vying with Singapore to become the family office hub in the region, but experts believe it will take time to amend important tax incentives to support this aspiration.
03/09/2021
BOJ Governor Says Climate Change Should Guide Monetary Policy
Kuroda also said it was possible for the BOJ to buy green bonds, as long as they met the set requirements of an existing corporate bond-buying programme.
03/08/2021
NSW Court of Criminal Appeal decides former TZ Limited director’s appeal against conviction and sentence
As a result of the Court’s decision, his term of imprisonment and non-parole period have been reduced by six months and three months respectively.
03/08/2021
HKEX Sets Launch Date for Phase Two VCM Enhancements
As proposed in August 2019 and finalised in December 2019, the second phase enhancement will allow multiple triggers of the VCM per applicable security in the same trading session.
03/08/2021
CCB Group Enjoys Strong MObile, Online Banking Growth Driven By Fintech
CCB Malaysia chief executive officer Felix Feng Qi, who is also CCB Labuan principal officer, said since 2019, the group had emphasised the importance of technology transformation.
03/08/2021
DBS Cuts CEO Payout
According to Gupta, 2020 was an «inflection point» from three key perspectives that will have future implications for the bank: accelerated digital adoption, work transformation and sustainability.
03/05/2021
ASIC commences civil penalty proceedings against Statewide Superannuation for misleading or deceptive correspondence
ASIC also alleges Statewide failed in its breach reporting obligation to report these breaches to ASIC within 10 business days.
03/05/2021
Thailand mulls higher government contributions to NSF, raising age limit, report says
The government matches 50% of contributions by those aged between 15 and 30 years, capped at 600 baht a year, and 80% by those in the 31-50 age bracket, up to a maximum 960 baht.