Conduct review triggers RBNZ whistleblower service

By Victoria Young | Tue, 11 Feb 2020


The Reserve Bank of New Zealand is formalising its procedures with a phone line and dedicated email inbox for whistleblowers. The move comes as the regulator beefs up its prudential function and as it continues with its review alongside the Financial Markets Authority on the conduct of banks and major insurers. The work so far has found weak governance within financial institutions and regulators have been critical of the pace of change within them. RBNZ general counsel Nick McBride said the bank typically heard from two to three...