Corporate

RBNZ wants more money to fight bank boards’ failures

The Reserve Bank is asking the Government for more money so it can increase the intensity of its scrutiny of banks and insurers, after it has become clear directors and senior executives had been performing their governance and assurance obligations poorly for years. Lynn Grieveson reports.

At the release of the RBNZ’s Financial Stability Report on Wednesday, governor Adrian Orr said the regulator would be making “a very clear business case” for more funding from the Gover

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