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Consultation launched into risk-based capital plans for Hong Kong’s insurance industry

Hong Kong’s Insurance Authority (IA) has launched a three-month consultation on a proposed risk-based capital (RBC) framework for the territory’s insurance industry. 18 Sep 2014

Increasing cost of financial services skilled person reports reflects "frightening trend" for firms, says expert

Financial regulators are requiring fewer reports from senior persons at firms under regulatory investigation, but the cost to firms of these reports is soaring, according to recently-published letters from the Financial Conduct Authority (FCA). 04 Sep 2014

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Latest FOS complaints data shows that there is "light at the end of the tunnel" for banks, says expert

The number of disputes between consumers and financial services firms referred to the financial services ombudsman (FOS) is beginning to fall, although complaints unrelated to payment protection insurance (PPI) have increased slightly, according to official... 03 Sep 2014

PRA clarifies capital requirements for insurers planning to use internal models for Solvency II compliance

Firms planning to create their own methods of managing compliance with the upcoming new regulatory regime for European insurers will not be able to use additional capital held against their day to day liabilities to meet longer-term risks, the Prudential Regulation... 03 Sep 2014

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