RBNZ NEWS RELEASE
Date 30 March 2017
Input sought on insurer law review
The Reserve Bank today published an issues paper for its review of the Insurance (Prudential Supervision) Act 2010 (IPSA).
Head of Prudential Supervision Toby Fiennes said: “Public consultation is an important element of the review.”
Mr Fiennes said that the review will look at how well IPSA has performed in achieving a cost-effective supervisory regime for the insurance sector.
“The first phase of the review focuses on identifying potential issues for more detailed consideration. The issues paper outlines the rationale, terms of reference, intended process and issues identified by the Reserve Bank. We are keen to hear from stakeholders, including whether we have identified the right issues,” he said.
Key information web page: Review of the Insurance Prudential Supervision Act 2010