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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Law
2 mins to read

Years of under-investment: bank, insurer remediations top $150m

FMA director banking and insurance Clare Bolingford says financial services still playing catch up on creaky systems.

Illustration: Michael Hickmott.

The Financial Markets Authority says $150 million has been returned by banks and life insurers to more than 1.5 million customers following culture and conduct reviews of the industry.

But FMA director banking and insurance Clare Bolingford said banks and insurers were still playing catch-up on 10

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Hamish McNicol Thu, 06 Oct 2022
Contact the Writer: Hmcnicol@nbr.co.nz
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Years of under-investment: bank, insurer remediations top $150m
Law,
96049
true