Allianz SE will now have to set aside an additional A$250 million as a result of its risk governance self-assessment, according to the Australian Prudential Regulation Authority.

Allianz joins Australia’s four biggest banks which also been slapped with additonal requirements until they strengthen risk management. In case you missed it, Starling founder and CEO, Stephen Scott recently covered regulatory trends topic in an article for Regulation Asia. You can find it here.

Read more