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RBNZ and trustees to cooperate over new rules

RBNZ and trustees to cooperate over new rules
Wellington, March 30 NZPA - The Reserve Bank and New Zealand's five corporate trustees have signed an agreement to cooperate over the introduction of new rules for non-bank deposit takers.

Brash Takes Over At Huljich Wealth

Brash Takes Over At Huljich Wealth
Wellington, March 4 NZPA - Huljich Wealth Management chairman Don Brash is taking over as managing director and chief investment officer of the company.

Finance Company Director To Blame For Collapses - Professor

By Maggie Tait of NZPA Wellington, Nov 19 NZPA - Directors of failed finance companies should be held accountable for their actions, a parliamentary inquiry into finance company collapses was told today.

Role Of Trustees In Finance Company Failure To Be Reviewed

Role Of Trustees In Finance Company Failure To Be Reviewed
Wellington, March 25 NZPA - The role corporate trustees played in finance company failures is to be addressed as part of a "significant review" of the Securities Act, Commerce Minister Simon Power said today.

Trustees Open To Changes After Damning Finance Company Report

Wellington, March 22 NZPA - Trustee companies say they are open to new measures to protect investors after a report said their failings were partly responsible for a "tsunami" of finance company collapses.

Trustee Association Confident Of Non-Banks Recovery

Trustee Association Confident Of Non-Banks Recovery
Wellington, Nov 6 NZPA - Recent events in the financial sector are not in themselves a signal that the system has failed or that it needs major changes, the Trustee Corporations Association of New Zealand Inc says in its annual review.

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