In the news today: IRM conference approaches, Hong Kong regulator allows tech players to shake up banking sector, Reinsurance capacity remains plentiful ahead of June renewals, Guy Carpenter announces senior appointments, and FSCA proposes introduction of a Conduct Standard for Banks

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The IRM journey across Africa

IRM conference approaches. The must-attend event for risk managers and professionals in Africa is nearly here. How can African risk managers and organisations operating within its borders remain flexible and resilient in order to thrive in an ever-changing national and continental context and associated risk landscape?  READ MORE

Hong Kong regulator allows tech players to shake up banking sector in that region as new licences are issued

The banking regulator in Hong Kong has issued an additional four online-only banking licenses to Ping An, Alibaba, mobile phone maker Xiaomi and a joint venture (JV) consisting of Tencent, ICBC and Hillhouse Capital.  READ MORE

Reinsurance capacity remains plentiful ahead of June renewals

Reinsurance buyers can access ample amounts of capacity heading into mid-year renewals, even in the wake of the first reported decline in industry capital in four years, observers say. With June 1 renewals focused largely on U.S. wind-exposed risks, however, the past two years’ substantial losses could weigh on some accounts, even as recent April renewals, which include significant renewals for Japanese accounts, presented a limited harbinger of things to come.  READ MORE

Guy Carpenter announces numerous senior appointments

Guy Carpenter recently announced several new appointments on the back of the Jardine Lloyd Thompson Group acquisition. Ian Kerton will still be responsible for the South Africa market as well as driving growth in the UK, but there are a raft of global changes. The complete organogram can be found in the company’s press release.  READ MORE

FSCA proposes introduction of a Conduct Standard for Banks

The Financial Sector Conduct Authority (FSCA) released a statement supporting the draft Conduct Standard applicable to the conduct of banks under section 106(2)(b) of the Financial Sector Regulation Act 9 of 2017 (FSR Act). The draft Conduct Standard (published for public comment on 3 May 2019) aimed to introduce requirements applicable to banks, mutual banks and co-operative banks that promote the fair treatment of financial customers of banks. The draft Conduct Standard is published for a period of six weeks for public comment. Interested parties are invited to submit written comments to the FSCA on or before 18 June.  READ MORE