Banks, insurers' complacency 'hard to comprehend' - FMA

Fri, 02 Aug 2019

By Pattrick Smellie Aug. 2 (BusinessDesk) - The complacency of the New Zealand banking and life insurance sectors in the face of the Australian inquiry into financial services misconduct was "frustrating" and "difficult to comprehend," the chief executive of the Financial Market Authority, Rob Everett, said today. Speaking at the launch of a new financial integrity self-assessment tool for financial services providers developed by anti-corruption group Transparency International New Zealand, Everett said he had expected banks and insurers...

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