News Snapshot:
China: Financial regulator encourages insurers to cooperate with Internet-based platforms 25 Jan 2021 China Regulation InsurTech Regulators still support insurers and banks cooperating with Internet-based platforms, despite recent anti-trust measures taken in the FinTech sector, reported Reuters quoting Mr Liang Tao, a CBIRC vice chairman. Mr Liang said at a media conference last Friday that the antitrust measures do not seek to hinder the development of insurers and banks Beijing has signalled that it wants to strengthen its oversight, particularly of technology firms looking to expand into the financial space, a reversal of its once laissez-faire approach. The drive has...
