About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   tmmonline.nz  |   landlords.co.nz
Last Article Uploaded: Monday, May 27th, 10:43PM
rss
Latest Headlines

Reserve Bank may expand dashboard to insurance

The Reserve Bank’s says the popularity of its Financial Strength Dashboard hs exceeded expectations, and it is now looking to extend it to insurance.

Friday, October 5th 2018, 8:06AM

The Reserve Bank launched the dashboard in May. It is an online, interactive tool for sharing bank data which allows the public to better understand and compare banks’ businesses and risks.

Dashboard usage statistics show it had more visits in its first 24 hours than its predecessor typically received in an entire year.

Head of Prudential Supervision Toby Fiennes said the bank was encouraged by the response to it. “It not only challenges banks to be open and transparent with their disclosures, but also gives the public the opportunity to take an active interest in monitoring their bank’s performance,” he said.

Future work to develop the dashboard includes introducing an application programme interface to enable data to be easily mashed with other sources. A te reo Māori version of the dashboard is also planned.

Next year the Reserve Bank will explore disclosure dashboards for other sectors such as insurance and non-bank deposit takers.

Tags: Reserve Bank

« AIA congratulates GattungFMA's review of insurers pushed back »

Special Offers

Comments from our readers

No comments yet

Sign In to add your comment

 

print

Printable version  

print

Email to a friend
Insurance Briefs

Fidelity Life team up for award
Fidelity Life chief technology Officer Dan Wilkinson and his team have been named as a finalist in the Best ICT Team Culture category at the 2019 New Zealand CIO Awards.

Cigna to support kids' mental health
Cigna New Zealand and Life Education have partnered to develop Small Changes Whānau Challenge, a new take-home resource that will support classroom learning about kids’ mental health and wellbeing.

AIA and Sovereign close online product
Sovereign's guaranteed acceptance insurance product Simple Life is being closed to new business.  

Cigna expands into South Island
Cigna has officially opened its new office in Christchurch, the organisation’s first move into the South Island.

News Bites
Latest Comments
Subscribe Now

Mortgage Rates Newsletter

Daily Weekly

Previous News

MORE NEWS»

Most Commented On
About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
 
Site by Web Developer and eyelovedesign.com