The In Focus section of this Newsletter includes information on the FinCoNet Annual General Meeting and International Seminar to be hosted by the Banco de Portugal in Lisbon on 21-23 November 2022. Three new publications by CGAP are also highlighted.
This third 2022 issue of the FinCoNet Newsletter includes:
New Zealand FMA review of ethical investing claims in managed funds
The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko has undertaken a review of 14 KiwiSaver and other managed funds to establish how well they are applying the FMA’s integrated financial product (IFP) guidance.
New Zealand FMA Consumer Experience with the Financial Sector Survey
The FMA commissioned the survey to gain a comprehensive understanding of consumer experiences with the financial sector. The research reveals insights into the mindset and motivations of consumers as they manage their money and deal with financial services firms.
The Banco de España reviews the payment service provider procedures in place to help customers change accounts
The Banco de España has conducted a supervisory action in relation to 19 institutions which, as a whole, have a significant market share in payment accounts. The aim was to learn how institutions provide the payment account switching service and to verify compliance with the regulations.
Central Bank of Ireland warns of risk of under-insurance
The Central Bank of Ireland has written to insurance firms, outlining findings from a review of the risk posed to consumers of not having sufficient home insurance cover.