Banks, insurers should expect more intrusive RBNZ - Bascand

Wed, 26 Jun 2019

By Rebecca Howard June 26 (BusinessDesk) - Banks and insurance companies regulated by the Reserve Bank can expect the central bank to be more "intrusive" as institutional self-discipline has been lacking, says the central bank's deputy governor Geoff Bascand. "Regulated entities can expect our supervision to be more intrusive, in seeking evidence that attestations are merited and verifying compliance, and that we will intervene and enforce our requirements," Bascand said in a speech on renewing the Reserve Bank's approach to financial s...

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