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Press Release – Reserve Bank The Reserve Bank Te Ptea Matua is today welcoming views on an interim Solvency Standard for insurers, which will determine the minimum amounts of capital that insurers must hold. The interim standard is needed in order to take account … The Reserve Bank – Te Pūtea Matua – is today welcoming views on an interim Solvency Standard for insurers, which will determine the minimum amounts of capital that insurers must hold. The interim standard is needed in order to take account of upcoming changes to the accounting rules (IFRS 17) and to incorporate feedback on our current solvency standards. It has been designed so that policyholders can be comfortable that an insurance company has enough funds to meet its promises to policyholders, even if it fails, Deputy Governor and General Manager of Financial Stability Geoff Bascand says.

Geoff bascandBank te ptea matuaPress releaseReserve bankSolvency standardDeputy governorGeneral managerFinancial stability geoff bascandInsurance prudential supervision actInsurer solvencyInterim solvency standardSolvency standardsPrudential supervisionப்ரெஸ் வெளியீடுஇருப்பு வங்கிதுணை கவர்னர்