FMA looking into CBL disclosure; MD Harris withdraws from global entrepreneur contest

Thu, 01 Mar 2018

By Paul McBeth March 2 (BusinessDesk) - The Financial Markets Authority is poring over the coals of CBL Corp, saying it's concerned the rules promoting transparency on the public markets were breached. Separately, CBL head Peter Harris has withdrawn from the EY Entrepreneur of the Year World competition. Auckland-based CBL appointed voluntary administrators this week after the Reserve Bank sought an interim liquidation of its New Zealand supervised arm and the Central Bank of Ireland pursued a similar avenue of the insurer's European div...

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