MAS: Proposed changes won't hamper well-managed insurers
Plans to amend risk-based capital framework are part of regulator's move to make insurance sector more resilient
Singapore
THE proposed changes to the risk-based capital framework will be more risk-sensitive, robust and fit-for-purpose, but should not hamper well-managed insurance businesses unduly.
The changes, also known as RBC 2, seek to reflect the relevant risks insurers face and are part of the Monetary Authority of Singapore's (MAS) move to make the insurance sector more resilient.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Japan suspects companies are evading disclosure of cross-shareholdings
Germany hit hard as foreign investment falls in Europe: EY survey
South Korea’s April inflation at 2.9% y/y, lower than expected
US mulls first green-bond sales to tap a US$2.6 trillion market
US factory activity shrinks with price gauge highest since 2022
Hong Kong faces uphill battle to lure back Chinese tourists