Tag: RBNZ
Insurers Could be Forced to Hold More Cash
Some insurance providers could be at risk due to a lack of solvency capital according to a report published by the Reserve Bank of...
Regulators Disappointed With Sector’s ‘Weak Appetite’ For Change
The Reserve Bank of New Zealand and Financial Markets Authority have voiced their disappointment with life insurers’ responses to the joint Conduct and Culture...
AMP Life Sale Uncertainty
AMP Limited has revealed that the transaction for the sale of AMP Life (the Australian and New Zealand wealth protection and mature businesses) to...
Reserve Bank Embraces the Future
Reserve Bank Governor, Adrian Orr, spoke on the future outlook of the Bank to the Financial Services Institute of Australasia (FINSIA) in Auckland recently.
“This is...
Suncorp NZ Confident in Strategy for Regulatory Change
Suncorp New Zealand has revealed it has established a specific program of work, to address the issues raised in the FMA/RBNZ conduct and culture...
News in Brief
FMA Update on Conduct and Culture Review
The Reserve Bank of New Zealand and the FMA have confirmed that all 11 banks involved in their...
Industry Needs to Deliver on Ensuring Product Suitability – Hutchinson
Chatswood Consulting’s Russell Hutchinson says a conversation between regulators and industry is needed to determine what systems and controls are required to ensure suitability...
NZ Government Looking Closely at Australian Royal Commission Final Report
The New Zealand Government has announced it will scrutinise the outcomes of the Australian Royal Commission to see if the recommendations should be implemented...
Complaints Provide Insight to Improve Conduct – IFSO
Insurance & Financial Services Ombudsman, Karen Stevens, says the complaints that the IFSO Scheme receives can help insurers and financial advisers with industry change,...