AIA operates a range of sanctions imposed on members relating to the seriousness of misconduct, the level and history of non-compliance and the risk posed to the interests of the public and the integrity of AIA’s reputation. The AIA Sanctions Handbook is used by AIA disciplinary committees for all complaints and non-compliance referrals they consider; AIA operates an effective and proportionate enforcement policy, applied in a fair and consistent manner.
The People's Bank of China has said that reforms to the nation's banks will be deepened in order to improve their services.
Some foreign firms in China can now use their registered capital to buy stakes in other Chinese companies as part of an experiment to further loosen capital controls, the State Administration of Foreign Exchange (SAFE) said today.
The Pensions Regulator has published compliance and enforcement details showing how many times it has needed to make use of its formal powers to ensure employers comply with their automatic enrolment duties.
The government has published its response to a further consultation on the delivery of childcare accounts within the Tax-Free Childcare scheme.
After three decades of remarkable growth, China’s economy has been slowing. The country needs to implement the announced reform agenda and address vulnerabilities to secure a safer development path, said the IMF.