WebApr 13, 2024 · The governing body should review the FCP to consider its adequacy and effectiveness and recommend changes where appropriate. The final approval of the FCP should be provided by the governing body. Prepare the FCP now . Applications for licences open in July this year. While the CoFI regime won’t come into force until early 2025, timing … WebDec 2, 2024 · The independent report into Westpac New Zealand’s risk governance practices provides some useful reminders for all boards. The Risk Governance Review report, a Section 95 Review of Westpac New Zealand by consultancy firm Oliver Wyman, has again …
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WebJan 29, 2024 · The FMA and RBNZ have completed their joint review of 16 New Zealand life insurers. ... with weak governance and management of conduct risks across the sector and a lack of focus on good customer ... The purpose of the thematic review and the report’s … WebAug 3, 2024 · In 2024, the Reserve Bank of New Zealand (Reserve Bank) and the Treasury embarked on a comprehensive review of the Reserve Bank of New Zealand Act 1989 (RBNZ Act), with the first phase focusing on monetary policy and the second phase focusing on … can not combine normal push and magic push
Regulatory Radar June 2024 - New Zealand Bankers
WebThematic Review • Launch of the joint RBNZ and FMA cross-sector thematic review on Governance. Sampled firms (banks, non-bank deposit takers, insurers and KiwiSaver providers) will be required to complete a self-assessment questionnaire and provide … WebShare. On 24 August 2024, the Reserve Bank of New Zealand (RBNZ) released its second and final consultation paper on the review of its policy for the registration of branches of overseas banks in New Zealand. This follows an initial consultation in October 2024 … WebNov 10, 2024 · New Zealand's central bank started an aggressive tightening cycle in October 2024 and has increased the cash rate in just over a year to 3.5% from 0.25%. However, inflation remains red hot at 7.2% ... can not combine two partition mac