Several current regulatory reform proposals skirt the issue of constitutional balance, attempting to discipline rulemaking from within the executive branch. Senator Mark Warner of Virginia, for example, has proposed an ingenious "pay-go" procedure, under which regulatory agencies would have to rescind o...
sanctions on North Korea Oct 19, 2024By Adrianne Appel A Vietnamese alcohol company has agreed to pay $860,000 to settle allegations by the Office of Foreign Assets Control that its business with North Korea involved U.S. financial institutions. Premium Raytheon parent RTX settles false claims...
The move is designed to avert a liquidity crisis in the sector, and comes on top of the 7 per cent of capital that the Office of the Superintendent of Financial Institutions (OSFI) requires them to hold, which can be easily liquidated by the banks during a time of financial pressure to ...
“With ACE’s experience in many emerging markets around the globe, we hope to contribute to the development of the insurance market and economy of Myanmar. The ongoing political reform process, encouraging demographics of a relatively young and growing population as well as the increased per-capit...
The theme of value for money in regulatory reform, naturally the domain of civil servants, is the best developed, but its governance is as yet incomplete. It should ideally be led by an independent body reporting to Parliament, mirroring the role and resources of the National Audit Office (...
Xiao Lin, director of the Tobacco Control Office of the Chinese Centre for Disease Control and Prevention, reported that, in 2023, the e-cigarette usage rate among Chinese middle school students was 2.4% – a decrease of 1.2 percentage points compared with 2021, representing a reduction of ...
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1 Regulatory Newsletter November 2021 Contents Executive Summary Australia Mainland China Hong Kong India Indonesia Japan Korea Malaysia Philippines Singapore Taiwan Thailand Vietnam Suggestions 1 2 3 5 7 8 8 10 11 11 11 12 12 13 13 Contact Details Hong Kong Office Tel: +852 2868 9070 Singapore...
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South Korea The key regulatory update from the last quarter was the announcement of a 2nd amendment of the K-Insurance Capital Standard (K-ICS), South Korea's version of Solvency II. The Financial Supervisory Service (FSS) is currently conducting a Quantitative Impact Study (QIS), which ...