News Regulations04 Jul 2019

New Zealand:RBNZ accepts report of independent review of its handling of failed insurer

| 04 Jul 2019

The Reserve Bank of New Zealand (RBNZ), in supervising insurance businesses, should adopt a pre-emptive stance of being ready to act on doubts and suspicions of lack of financial soundness, rather than waiting for certainty or advisory confirmation of financial risk, says a report released yesterday following an independent review that it commissioned of its supervision of collapsed insurer CBL Insurance (CBLI).

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