Tower says regulation discriminates against locals
The Reserve Bank is consulting on a review of the Insurance (Prudential Supervision) Act 2010.
Tim Hunter Thu, 02 Nov 2017
NZX-listed insurer Tower, a target for takeover by Australian giant Suncorp, says the Reserve Bank’s regulation of the insurance sector discriminates against New Zealand-owned insurers.
In a submission to the Reserve Bank’s review of insurance industry oversight, Tower chief executive Richard