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Home Banking Laws

BNM Issues New Rules for Banks Selling Insurance & Takaful Products

by Matthew Upton
July 2, 2022
in Banking Laws
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CBIRC Warns Three FIs Over Complaints Handling Violations
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The board and senior management shall be held “jointly accountable” for bancassurance/bancatakaful products that result in “poor consumer outcomes”.

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The board and senior management shall be held “jointly accountable” for bancassurance/bancatakaful products that result in “poor consumer outcomes”.

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bancassurance, bancatakaful, BNM, COmplaints, Conduct, Disclosure, distribution, insurance, life insurance, persistency rates, product design, takaful

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