RBNZ governor denies central bank exerted influence over CBLI creditors

Tue, 11 Dec 2018

By Rebecca Howard Dec. 12 (BusinessDesk) - Reserve Bank governor Adrian Orr batted away accusations that the central bank had exerted influence over CBL Insurance’s creditors to support them in its bid for liquidation. “I have almost lost count of the allegations that have been thrown around,” Orr told the parliamentary Finance and Expenditure Committee at the 2017-18 annual review of the RBNZ. Orr denied the bank had put pressure on foreign regulators and made inducements to creditors and said the central bank had been “100 percent ap...

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