Displaying 1551 - 1560 of 1711

Identifying, Understanding & Assessing Money Laundering and Terrorism Financing Risks in Insurance

30 August 2017
Insurance Core Principle (ICP) 22 provides insurance supervisors guidelines on anti-money laundering and combating the financing of terrorism. This presentation shares how ICP 22 was concretely applied in Bermuda, which hosts the third largest reinsurance market in the world. It developed its own…

Countering Insurance Fraud

29 August 2017
Countering fraud in insurance is a must. The Insurance Core Principle (ICP) 21 guides insurance supervisors in detecting and reporting fraud, as well as in contributing to or promoting anti-fraud initiatives. This presentation describes the usual types of insurance fraud risks, including cyber…

Overview of the IAIS Insurance Core Principles on Anti-Money Laundering and Combating Financing of Terrorism

29 August 2017
In insurance, two entities set the standards for combating money laundering and financing of terrorism: the International Association of Insurance Supervisors (IAIS) and the Financial Action Task Force on Money Laundering (FATF). The FATF recommends policies and preventive as well as operational…

US Experience in Combating Insurance Fraud

28 August 2017
Insurance can be vulnerable to fraud. In the United States of America (USA) alone, insurance fraud costs about US$80 to 230 billion each year. Generally, fraud risk becomes higher in times of high pressure situations. This presentation shares lessons from the USA's experience on insurance fraud and…

Supervisory Cooperation and Collaboration and Crisis Management

28 August 2017
Financial markets, being highly interconnected and global in scope, need to have an effective oversight body. The National Association of Insurance Commissioners endorsed in 2009 the use of supervisory colleges because they foster cooperation, promote common understanding, and facilitate…

Overview of the IAIS Core Principle on Crisis Management and Supervisory Cooperation

28 August 2017
The International Association of Insurance Supervisors Core Principles (ICP) provides a framework for the regulation and supervision of the insurance sector. This presentation gives an overview of ICP 26, which focuses on effective cross-border cooperation and coordination for effective crisis…

Governance and Service Delivery: Practical Lessons for Subnational Governments through a Case Study on ADB’s Support to Nepal

11 August 2017
Success in the achievement of the sustainable development goals starts with localization of the global agenda that positively impacts the lives of citizens through improved service delivery. This improved service delivery translates to effective delivery mechanisms which in turn strengthen the…

Fiscal Decentralization and Local Budget Deficits in Viet Nam: An Empirical Analysis

9 August 2017
Local fiscal policies play a significant role in Viet Nam’s growth and development as a result of the budget law promulgated in 2002 that significantly increased the fiscal responsibilities of local authorities. To address several issues that hinder the effectiveness and efficiency of fiscal…

Assistance to Disadvantaged Municipalities

7 August 2017
Assistance to Disadvantaged Municipalities, a program of the Government of the Philippines, provides a "catch-up mechanism" to assist municipal governments in increasing citizens' access to basic facilities and ensures participation of civil society organizations in local governance. Implementation…

Noncommunicable Diseases and Elderly Care in Beijing

24 July 2017
Is there much room for investment on noncommunicable diseases control and elderly care in Beijing? ADB intern Frank Mu presented on the current situation of noncommunicable diseases (NCDs) and elderly care in Beijing, People's Republic of China, and discussed potential investment opportunities for…