Regulators prod NZ insurers on 'dire' conduct report

Fri, 10 May 2019

By Paul McBeth May 10 (BusinessDesk) - New Zealand insurers have been steered to lessons from Australia's royal commission on banking when responding to the "dire" findings of a local conduct and culture investigation earlier this year. Last week, officials from the Financial Markets Authority and Reserve Bank outlined which recommendations from across the Tasman local insurers should consider in their formal responses to the report, FMA regulation director Liam Mason said. The responses are due by the end of June. Mason said a good s...

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