RBNZ wants to see bank directors taking greater ownership of disclosure

Tue, 27 Feb 2018

By Paul McBeth Feb. 28 (BusinessDesk) - The Reserve Bank wants bank directors and auditors to take ownership in signing off on disclosure statements and is weighing up options to beef up the attestation regime that copped some flak from an International Monetary Fund review last year. In a speech to the Bankers' Association, deputy governor Geoff Bascand said the central bank took on board criticism in the IMF's 2017 financial sector assessment programme review urging greater rigour in testing director sign-off and expressing concern at...

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