The Reserve Bank of New Zealand (RBNZ) said it can’t promise that there won’t be a repeat of the CBL Insurance fiasco, which involved the firm staying mum despite being considered as insolvent, BusinessDesk reports.
Geoff Bascand, deputy governor at RBNZ, said in the New Zealand Shareholders’ Association (NZSA) annual conference that they still strongly support transparency – but with limits.
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