21.09.2021
Pending revisions of the Insurance Supervisory Act and the Banking Act: Regulatory trends and effects for customers
The Insurance Supervisory Act and the Banking Act are to be partly revised, with to the rules related to insolvency being prominent in both revisions. In addition, inter alia, the revised Insurance Supervisory Act will introduce client categorization and a new regime for insurance intermediaries. This edition of Advestra Insights looks into some of the proposed changes and their implications for banks' and insurance companies' clients and points towards broader regulatory trends exemplified in the revision proposals.