The Reserve Bank was open to suggestions from the industry insurance when setting the draft interim solvency standards.
Long-time Feltex class action backer Tony Gavigan has a fresh impetus to pursue the failed carpetmaker's directors for compensation.
BusinessNZ said NZ companies could have to backpay six years of holiday pay if the decision is upheld and possibly even pay unpaid bonuses.
A review by the market regulator prompted "large-scale remediation" which may run into the millions of dollars.
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