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The Reserve Bank of New Zealand Te Pūtea Matua has published a Transitional Standard, outlining how deposit takers must collect and store customer information in the event of a deposit taker failure so that they can ensure timely payments.
A bulletin article published today by The Reserve Bank of New Zealand – Te Pūtea Matua outlines the the barriers Māori face in accessing capital that may be associated with market failures and the initiatives that have been introduced.
The 2024 General Insurance Stress Test (GIIST) bulletin published today noted insurers’ resilience in managing claims from an extreme seismic event. It also highlighted the need for a coordinated response across the industry and government to manage such shocks and ensure ongoing insurance availability.