Australian regulators can learn a thing or two from their Kiwi counterparts, after the Reserve Bank of New Zealand (RBNZ) was recently the subject of a report outlining its failures as a prudential regulator in a case involving CBL Insurance.
The report, commissioned by RBNZ, unveiled a number of failures, many of which were similar to criticisms levelled against Australian regulators in Kenneth Hayne’s royal commission final report.
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