‘We don’t have a duty to the investor,’ RBNZ says
Insurance regulator says it did everything it could to preserve value at stricken CBL.
The Reserve Bank’s head of financial stability and deputy governor, Geoff Bascand, has sprung to its defence after stunning investors with regulatory action against NZX-listed insurer CBL.
The company’s shares were suspended on February 8 after it finally revealed an RBNZ investigation into its
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Tim Hunter
Mon, 12 Mar 2018
Mon, 12 Mar 2018
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‘We don’t have a duty to the investor,’ RBNZ says
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