Regulator gave CBL ‘benefit of the doubt’
RBNZ should have taken decisive action earlier on failed insurer, report says.
The Reserve Bank had serious doubts about the financial position of CBL Insurance as early as 2013 and should not have allowed its parent to float on the NZX until its concerns were fully resolved, an independent report has said.
CBL, which floated in 2015, collapsed in February last
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