Tag Archives: Supervisory Statement

AML/CFT COMPLIANCE A KEY FOCUS OF RECENT SUPERVISORY INSPECTIONS BY THE HONG KONG INSURANCE AUTHORITY

Late last week, the Hong Kong Insurance Authority (IA) published a circular setting out its key findings from anti-money laundering and counter-financing of terrorism (AML/CFT) onsite inspections of authorised insurers carrying on long term business. The IA conducted visits of … Continue reading

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Filed under Insurers

Key governance developments – “at a glance” guide for insurers

The governance landscape for insurers continues to develop following the introduction of the Senior Insurance Managers Regime last year and PRA Supervisory Statement SS5/16 on Board Responsibilities.  The Audit Directive, which applies to financial years beginning on or after 17 … Continue reading

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Filed under At a Glance, Insurers, Legal/Regulatory

Solvency II trilogue discussions conclude – so what happens now?

Earlier today, it was announced that yesterday’s trilogue discussions on the Omnibus II Directive (Omnibus II) had finished in agreement.  The announcement puts to rest recent uncertainty about the future of the Solvency II Directive and sets in train a timetable bringing … Continue reading

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Filed under Insurers, Legal/Regulatory, Miscellaneous