The Financial Services Commission (FSC) has introduced a roadmap to bring about improvements to IT network security in the financial services industry, the regulator says in a statement.
Taiwan's financial services sector has reduced its exposure to mainland China in the wake of uncertainties arising from the political and economic situation across the Taiwan Strait and the on-going Sino-US trade war.
Cyber incidents are rated as the top risk in South Africa in 2024, with nearly half of businesses selected doing so, according to the Allianz Risk Barometer 2024, the 13th edition to date.
The risks to the outlook for financial stability in Oman remain low in the short term, says the Central Bank of Oman (CBO) in its 2024 Financial Stability Report (FSR).
Critical infrastructure failures, cyber incidents and business interruption remain the same top risks in South Africa in 2024, according to the Allianz Risk Barometer 2024, the 13th edition to date. Their rankings on the barometers also remain the same as in 2023.
Two-thirds (67%) of respondents in a poll in Turkiye said that they were concerned about loss of income for the short or medium term, according to the findings of BNP Paribas Cardif's "Protect & Project Oneself" survey.
The National Financial Regulatory Administration (NFRA) has issued an exposure draft to solicit feedback on its proposals to revise the risk classification of insurance assets.
The impact of the decline in China's real estate market varies for insurers; yet with diversified portfolios, the overall impact is anticipated to be manageable compared to other investment instruments, according to Professor Ricardo Reis, of the London School of Economics.
Changes in legislation and regulation ranks as the top risk by businesses in China for the second consecutive year, according to the Allianz Risk Barometer 2024, the 13th edition to date.
Natural catastrophes jumped by five places to become the top risk named by businesses in Hong Kong, according to the Allianz Risk Barometer 2024, the 13th edition to date.