Australia’s Prudential Watchdog Targets Longest-Serving Board Directors March 6, 2025 By Nasteho Said Australia’s prudential regulator has long-serving board directors in its sights with a proposal to limit their terms to 10 years....
Viewpoint: Artificial Intelligence Faces New Era of Regulatory Oversight December 4, 2024 By Erez Barak Executive Summary: With over 70% of insurers planning to deploy gen-AI tools over the next two years, AI promises much,...
UK Watchdog Proposes Toughening Safeguards Against Illegal Marketing on Social Media July 18, 2023 Britain’s financial watchdog on Monday proposed toughening up safeguards against the illegal marketing of financial products on social media by...
Australia’s Westpac Banking Fined A$113M for Multiple Compliance Breaches April 22, 2022 An Australian court ordered Westpac Banking Corp. to pay A$113 million ($82.92 million) in penalties for multiple compliance failures across...
Credit Suisse Faces $500M-Plus Bill After Ex-Georgian PM Wins Bermuda Court Case March 30, 2022 By Brenna Hughes Neghaiwi A Bermuda court on Tuesday ruled former Georgian Prime Minister Bidzina Ivanishvili and his family are due damages “substantially in...
Dirty Money Worried Swedbank Compliance Officers but Bosses Kept Mum: Documents January 10, 2022 By Niclas Rolander, Aaron Eglitis and Anton Wilen In the summer of 2018, a senior anti money-laundering official at Swedbank AB appeared anxious as he read reports that...
Top 10 Reasons P/C Insurers Run Afoul of Regulators’ Market Conduct Exams October 8, 2020 By Jim Sams Claims errors continue to be the most frequent reason that property/casualty insurers are cited by regulators when responding to market...
Canada’s OutsideIQ & SAP Ariba Partner to Assess Risk, Compliance March 13, 2017 By Solarina Ho OutsideIQ, a Canadian startup which uses cognitive computing to analyze data, is partnering with the world’s largest business commerce network,...
Surplus Lines Office: Compliance Required after Essex/Evanston Merger September 19, 2016 The Surplus Lines Stamping Office of Texas (SLSOT) is alerting surplus lines insurance professionals in the state that due to...
Honda Admits Not Reporting U.S. Claims; Could Face Record Fine November 25, 2014 By Jeff Green and Jeff Plungis Honda Motor Co. said it failed to report more than 1,700 claims of injury or death involving its cars to...