Finance

Insurance review likely to require more capital - RBNZ

Jenny Ruth
Mon, 14 Sep 2020

The Reserve Bank is again signalling it is likely to require general and life insurance companies to hold more capital and is promising more intense supervision. "Over the years, we have observed a declining trend in solvency margins that may be illustrative of a key difference in approach between insurers and the prudential regulator," said deputy governor Geoff Bascand, who also heads the central bank's prudential functions. "Higher levels of capital make for a more resilient insurer but at the cost of lower return on equity," Bascand s...

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Markets

MARKET CLOSE: Kiwi falls on economic concern

Dan Brunskill | Thu, 24 Sep 2020

The kiwi dollar sank to its lowest level since late August as the safe-haven US currency continued to attract buying amid a sustained equity sell-off due to fears of recession.

Policy

ELECTION 2020: Scared or excited about a Labour-Green govt?

Paul McBeth | Thu, 24 Sep 2020

Finance professionals have grown comfortable with Grant Robertson over the past three years. Will a new governing arrangement change that?

Law & Regulation

The FMA is running out of patience

Dan Brunskill | Thu, 24 Sep 2020

Financial services firms that keep failing compliance tests can expect to end up in court, says the FMA boss, Rob Everett.

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