RBNZ, FMA defend roles in CBL debacle
Insurer’s historical illegal conduct in the US not significant, they say.
The heads of the Reserve Bank and the Financial Markets Authority have defended their handling of insurer CBL’s licensing and float in light of the company’s extraordinary implosion.
NZX-listed CBL, valued by the market at $747 million before its shares were suspended in February, was hit by
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Tim Hunter
Thu, 27 Sep 2018
Thu, 27 Sep 2018
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RBNZ, FMA defend roles in CBL debacle
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