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NZ central bank consults on solvency standards

The Reserve Bank of New Zealand is seeking feedback on proposed changes to the insurance solvency standards for a new class of assets and liabilities that have arisen from a new accounting standard for lease contracts.

The consultation paper also discusses the requirements of the International Financial Reporting Standard 16, which takes effect next January.

The closing date for submissions is August 24.

For more information, click here.

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