‘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.
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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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