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[The Wrap] NZers will be left exposed if CoFI is repealed

Friday 25th of August 2023

First some background. The genesis of CoFI is none other than the Royal Commission in Australia which exposed horrendous behaviour by banks and insurers.

In response to that commission the Financial Markets Authority and Reserve Bank used this as an opportunity to examine banks and insurers in New Zealand.

Of course, the New Zealand companies said they have had nothing to hide e...

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