misconduct
Departing FMA CEO Rob Everett warns the big end of town the regulator won't back away from a fight if it believes one is necessary
20th Oct 21, 12:03pm
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Departing FMA CEO Rob Everett warns the big end of town the regulator won't back away from a fight if it believes one is necessary
Life insurers, fund managers and other financial service providers could be fined up to $100,000 for breaching industry body's new Code of Conduct
5th Sep 18, 5:02pm
Life insurers, fund managers and other financial service providers could be fined up to $100,000 for breaching industry body's new Code of Conduct
S&P downgrades AMP Life's credit rating by a notch 'as a result of fallout from the Royal Commission revelations'; NZ managing director says impact on NZ is immaterial
30th Aug 18, 3:22pm
S&P downgrades AMP Life's credit rating by a notch 'as a result of fallout from the Royal Commission revelations'; NZ managing director says impact on NZ is immaterial
Stress testing shows the big 4 banks' combined pre-tax profit would tumble $32b over 5 years but they wouldn't breach capital requirements & would remain solvent, the RBNZ says
11th Jul 18, 8:48am
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Stress testing shows the big 4 banks' combined pre-tax profit would tumble $32b over 5 years but they wouldn't breach capital requirements & would remain solvent, the RBNZ says
The Commerce Commission details its role in the FMA & RBNZ led probe into the conduct & culture of banks and life insurers
29th Jun 18, 10:58am
The Commerce Commission details its role in the FMA & RBNZ led probe into the conduct & culture of banks and life insurers
Governor Adrian Orr says RBNZ & FMA team to conduct on-site bank visits with life insurers' submissions due Friday, as probe into conduct & culture of financial services sector continues
22nd Jun 18, 2:34pm
Governor Adrian Orr says RBNZ & FMA team to conduct on-site bank visits with life insurers' submissions due Friday, as probe into conduct & culture of financial services sector continues
The Chairman of Parliament's Finance and Expenditure Select Committee has reversed his decision to request banking and insurance CEOs appear before the Select Committee
18th Jun 18, 10:33am
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The Chairman of Parliament's Finance and Expenditure Select Committee has reversed his decision to request banking and insurance CEOs appear before the Select Committee
Chairman says bank bosses to be called before Parliament's Finance and Expenditure Select Committee as FMA & RBNZ probe into sector continues
14th Jun 18, 1:34pm
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Chairman says bank bosses to be called before Parliament's Finance and Expenditure Select Committee as FMA & RBNZ probe into sector continues
FMA CEO Rob Everett says the financial services sector is at a tipping point and needs to focus on how to make sure customers get a better deal
4th Jun 18, 6:31am
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FMA CEO Rob Everett says the financial services sector is at a tipping point and needs to focus on how to make sure customers get a better deal
Although strictly speaking it's outside the RBNZ's mandate, Governor Adrian Orr introducing a much greater focus on consumer outcomes to the central bank is welcome, Gareth Vaughan says
2nd Jun 18, 7:02am
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Although strictly speaking it's outside the RBNZ's mandate, Governor Adrian Orr introducing a much greater focus on consumer outcomes to the central bank is welcome, Gareth Vaughan says
FMA's Rob Everett says review of bank conduct & culture shows plenty that could be done better but so far no evidence of systemic misconduct
30th May 18, 2:00pm
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FMA's Rob Everett says review of bank conduct & culture shows plenty that could be done better but so far no evidence of systemic misconduct
Ministers Robertson & Faafoi say they will meet with the RBNZ & FMA regularly as their work programme on financial services sector conduct and operations develops
30th May 18, 7:47am
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Ministers Robertson & Faafoi say they will meet with the RBNZ & FMA regularly as their work programme on financial services sector conduct and operations develops
The FMA and RBNZ’s top brass to brief MPs on Wednesday following their probe into NZ bank conduct
28th May 18, 1:32pm
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The FMA and RBNZ’s top brass to brief MPs on Wednesday following their probe into NZ bank conduct
Commerce and Consumer Affairs Minister Kris Faafoi seeks feedback on insurance law revamp that aims to regulate insurers' conduct and better protect consumers who risk having their claims declined due to non-disclosure
22nd May 18, 11:39am
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Commerce and Consumer Affairs Minister Kris Faafoi seeks feedback on insurance law revamp that aims to regulate insurers' conduct and better protect consumers who risk having their claims declined due to non-disclosure
Any NZ inquiry into the conduct of the financial services sector will require a lengthy and deep probe into the insurance sector, Gareth Vaughan argues
15th May 18, 4:10pm
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Any NZ inquiry into the conduct of the financial services sector will require a lengthy and deep probe into the insurance sector, Gareth Vaughan argues
Michael Wood, the Chairman of Parliament's Finance and Expenditure Select Committee, says summoning bank CEOs to appear before MPs is an ‘open and live option’
15th May 18, 1:05pm
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Michael Wood, the Chairman of Parliament's Finance and Expenditure Select Committee, says summoning bank CEOs to appear before MPs is an ‘open and live option’
Gareth Vaughan probes the FMA & RBNZ's demand for NZ banks to prove they're better behaved than their Aussie parents & concludes the argument for a Royal Commission doesn't stake up at this point
3rd May 18, 10:01am
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Gareth Vaughan probes the FMA & RBNZ's demand for NZ banks to prove they're better behaved than their Aussie parents & concludes the argument for a Royal Commission doesn't stake up at this point
Youi's boss to take up new role as CEO of OUTsurance - a South African insurer with the same parent as Youi
24th Feb 17, 10:07am
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Youi's boss to take up new role as CEO of OUTsurance - a South African insurer with the same parent as Youi
Insurer Youi cops $320,000 fine for widespread Fair Trading Act breaches; Side-steps fine of up to $9 million
15th Dec 16, 3:37pm
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Insurer Youi cops $320,000 fine for widespread Fair Trading Act breaches; Side-steps fine of up to $9 million
Insurance Council dishes out largest ever penalty to Youi for using misleading sales tactics, ahead of it being sentenced for breaching the Fair Trading Act
4th Oct 16, 10:00am
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Insurance Council dishes out largest ever penalty to Youi for using misleading sales tactics, ahead of it being sentenced for breaching the Fair Trading Act