Nosier RBNZ regulations to cost insurers more

Nosier RBNZ regulations to cost insurers more
Tightening the supervisor's grip. (Image: Getty)
Paul McBeth
Insurers will face heftier regulatory costs as the Reserve Bank of New Zealand pushes for stricter monitoring rules, but Jarden analysts anticipate the regulator won’t push too hard for fear of stoking already accelerating premiums. The Reserve Bank of NZ (RBNZ) this week unveiled a series of proposed changes to insurance prudential supervision law that will dial back the light-handed approach in favour of a more proactive and intensive stance it says aligns with international best practice. The changes have been a long time com...

More Finance

Willis can do more to fix banking competition
Finance

Andrew Body: Willis can do more to fix banking competition

A competitive banking system needs more than lower capital adequacy ratios.

Andrew Body 02 Apr 2025
Credit card issuers fear ComCom proposals
Finance

Credit card issuers fear ComCom proposals

The proposed regulations will stifle banking competition, says Mastercard.

Pattrick Smellie 02 Apr 2025
RBNZ signals U-turn on bank capital requirements
Finance

RBNZ signals U-turn on bank capital requirements

A major shift at RBNZ's first public outing since Adrian Orr's sudden departure.

Pattrick Smellie 31 Mar 2025
Grenon seeks to end ‘futile’ NZME board stoush
Finance

Grenon seeks to end ‘futile’ NZME board stoush

It's time for the current board to fold 'em, says coup orchestrator. 

Pattrick Smellie 26 Mar 2025