Financial Regulation
Latest news, explainers and analysis on Financial Regulation. Tracking 7 stories on Arth Vani.
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Latest on Financial Regulation
IRDAI Considering New Rules for Insurance Agent Commissions
India's insurance regulator, IRDAI, is reportedly mulling changes to the commission rules for agents and distributors. While specific details are yet to be disclosed, these revisions could significantly impact agent earnings, policy pricing, and distribution strategies across the sector.
US Appeals Court Rules Kalshi's 'Sports Contracts' Subject to State Regulations
A US appeals court has ruled against prediction market platform Kalshi, stating its 'sports contracts' are subject to state regulations, complicating its operations. This decision highlights the ongoing regulatory challenges faced by innovative fintech platforms attempting to classify novel financial products.
Trump Ally Scott Bessent Warns Banks of 'Financial Violence' Against Iran
Scott Bessent, a key economic advisor to Donald Trump, has issued a stark warning to global banks, stating that a potential future Trump administration is prepared for "financial violence" against Iran. He explicitly cautioned financial institutions, saying, "We know who you are," implying severe repercussions for those dealing with Iran.
BreakingNPS Pension Funds Must Rename, Restructure Schemes in 30 Days
The Pension Fund Regulatory and Development Authority (PFRDA) has mandated pension funds to rename and restructure their existing Multiple Scheme Framework (MSF) schemes. This change aims to align these schemes with a new standardised classification framework, with a compliance deadline of 30 days.
Government Nears Selection of Investment Firms for Key Research Fund, Decision in Two Weeks
The Indian government is set to finalize its selection of Alternative Investment Firms (AIFs) for a crucial research fund within the next two weeks. This initiative aims to channel capital into innovative sectors, with robust safeguards ensuring the protection of public and private investments. Funds are already being allocated to other chosen firms, highlighting ongoing strategic capital deployment.
New LaunchNew AI Governance Framework Launched to Secure Pension Fund Management
The Society of Pension Professionals (SPP) has introduced a practical framework to guide pension trustees and administrators in the responsible use of Artificial Intelligence. This move aims to protect retirement savings by ensuring AI tools are used ethically and transparently within the industry.
Australia Probes Big Four Auditors Over Misconduct Allegations
Australia's corporate watchdog, ASIC, is investigating the 'Big Four' accounting firms for alleged misconduct. The probe follows concerns about the quality of audits and potential breaches of professional standards.
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