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Jenee Tibshraeny: ANZ, BNZ bosses appearing hesitant to follow RBNZ insurance advice

Author
Newstalk ZB,
Publish Date
Wed, 8 May 2024, 8:35pm
Photo / Alex Burton
Photo / Alex Burton

Jenee Tibshraeny: ANZ, BNZ bosses appearing hesitant to follow RBNZ insurance advice

Author
Newstalk ZB,
Publish Date
Wed, 8 May 2024, 8:35pm

One expert has noticed New Zealand's biggest banks don't seem to be rushing to get more information about the insurability of the properties they lend against.

The Reserve Bank wants banks to keep a closer eye on the long-term insurability of properties they lend against, amid concerns about natural risks.

NZ Herald Wellington business editor Jenee Tibshraeny explains the moves the banks could take to address these issues.

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