Regulatory Alerts2022-05-17
Reserve Bank expectations regarding maintenance of insurer capital positions remain unaltered - July 2020
The Reserve Bank of New Zealand confirms that its expectation for insurers to maintain capital positions remains unchanged as of July 2020. All insurers subject to the Insurance Prudential Supervision Act 2010 are required to refrain from paying dividends or taking other actions that would unnecessarily reduce capital amounts until the economic outlook clarifies. The Bank will continue to monitor the situation and provide an update at or before the November Financial Stability Report.
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