Regulatory Alerts2022-05-17
Reserve Bank of New Zealand Insurance Industry Update May 2022
The Reserve Bank of New Zealand issued this update to introduce new leadership, including Deputy Governor Christian Hawkesby, and announce personnel changes within its insurance supervision team. The document outlines ongoing policy developments, specifically the consultation on IPSA enforcement powers and the finalization of the Industry Solvency Standard, while highlighting the role of the Council of Financial Regulators Insurance Forum in coordinating sector oversight. Additionally, the regulator announced plans for in-person senior officer workshops and a website refresh to improve stakeholder engagement and communication clarity.
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