Monday 28 November 2016

[Framework] Consultation Paper on Regulation of UAE's Life Insurance Industry

1. In November, a consultation paper concerning regulations for the UAE's life insurance industry, Circular No. (33) of 2016 (Life Regulations), was released by the UAE Insurance Authority (IA).

2. The objective is mainly toregulate the manner in which life insurance investment contracts have been sold and marketed in the UAE.

Tuesday 15 November 2016

[Misconduct] FCA's Asset Management Review Uncovers 'Market Failure'

1. In November 2016, the Financial Conduct Authority (FCA) released a report and labeled the asset management sector as ‘a market failure in the economic sense’.

2.  Notably in the performance of actively managed funds and the charging structure used for such funds.

Tuesday 8 November 2016

China's Debt Bubble - Part 2 - The Actual Situation

This post continues from part 1 discussing where the credit risks lies and how China's banks circumvent the system.

Tuesday 1 November 2016

China's Debt Bubble - Part 1 - Debunking the Beliefs

SUMMARY OF CHINA'S DEBT BUBBLE
1. In November 2016, Fitch Ratings warned that China’s bad loans in the banking system might be 10 times the official estimates of 1.8% of total assets. 

2. The predictions of a Chinese banking crisis have been proven wrong multiple times and  the concerns should lie somewhere else in the system rather than in a systemic blow-up.