Show us you’re clean: FMA, Reserve Bank send letter to life insurers

Thu, 24 May 2018

By Nikki Mandow May 24 (BusinessDesk) - Life insurance companies have less than a month to come up with information to reassure regulators that misconduct being unveiled by the Hayne Royal Commission in Australia isn’t happening here - or is being addressed. The Financial Markets Authority and the Reserve Bank today published a joint letter sent to the CEOs of New Zealand’s life insurance companies. “Our objective in this exercise is to understand what work you have undertaken to review your operations to promptly identify and address...

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