Tag Archives: supervision

New Insurance Authority in Hong Kong commences regulation of insurers with enhanced powers

With effect from 26 June 2017, the independent Insurance Authority (IA) assumed its regulatory responsibilities and replaced the Office of the Commissioner of Insurance (OCI) in regulating insurers. The IA will be a much more powerful regulator than its predecessor, … Continue reading

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Filed under Hong Kong, Insurance, Regulatory Reform

UK: PRA confirms approach to supervising insurers

Documents published over the summer provide some insight into how the PRA is supervising insurers.  In particular, firms should be aware of a new version of the PRA’s “Approach to insurance supervision” (Approach Document) and of an update on the … Continue reading

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Filed under Insurance, PRA, UK

UK: Improving accountability of the FCA and the financial services industry through transparency and more effective disclosure

Being a transparent regulator is at the heart of the approach of the new Financial Conduct Authority (FCA).  Clearly there is a need to strike the right balance between fostering the public’s legitimate interest in transparency and refraining from disclosure … Continue reading

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Filed under FCA, FSA Consultations, Regulatory Reform, UK