The insurance regulator is looking to tighten scrutiny and enhance transparency to prevent misselling of complex insurance products targeting individuals over 55. Measures include mandatory video verification, audits, and the use of assessment criteria and templates for policy documents. In December 2023, financial services secretary Vivek Joshi held a meeting with chiefs of state-run banks over issues related to bancassurance, including its effectiveness in increasing insurance penetration and challenges in the form of misselling.
The Federal Communications Commission recently made significant changes to its rules for holders of international Section 214 authorizations, which allow carriers to provide.
Federal Reserve System, Federal Deposit Insurance Corporation FDIC, Office of Comptroller of the Currency OCC, issued a joint statement that reiterates prior crypto-related guidance highlights crypto-asset risks to banking organizations. Joint Statement follows year of volatility.