Liam Mason
The FMA has carried out inquiries into how now convicted fraudster Barry Kloogh was able to exploit the trust and goodwill of his clients
5th Oct 23, 10:32am
The FMA has carried out inquiries into how now convicted fraudster Barry Kloogh was able to exploit the trust and goodwill of his clients
A parliamentary report into the risks and benefits of cryptocurrency will be released next month and provide a building block for future legislation
7th Jul 23, 8:40am
15
A parliamentary report into the risks and benefits of cryptocurrency will be released next month and provide a building block for future legislation
Our financial markets regulator is warning of three 'unique' types of scams on the rise since the start of Covid-19
15th Sep 21, 9:06am
6
Our financial markets regulator is warning of three 'unique' types of scams on the rise since the start of Covid-19
Samantha Barrass, who has financial markets regulation experience in Gibraltar and Britain, named new Financial Markets Authority CEO. FMA confident Gibraltar employment matter raises no issues of concern
13th Sep 21, 12:30pm
11
Samantha Barrass, who has financial markets regulation experience in Gibraltar and Britain, named new Financial Markets Authority CEO. FMA confident Gibraltar employment matter raises no issues of concern
Investors warned to beware of a rising volume of scams including phishing scams in dual warnings from the Financial Markets Authority and Department of Internal Affairs
19th Nov 20, 9:56am
15
Investors warned to beware of a rising volume of scams including phishing scams in dual warnings from the Financial Markets Authority and Department of Internal Affairs
Economic crisis and low interest rates prompt mixed reactions from investors - first-home buyers pile in, KiwiSaver investors go conservative
1st Oct 20, 7:06pm
36
Economic crisis and low interest rates prompt mixed reactions from investors - first-home buyers pile in, KiwiSaver investors go conservative
Financial Markets Authority spotlight to go on any investment products for retail investors designed to meet banks' new regulatory capital requirements
20th Feb 20, 9:34am
Financial Markets Authority spotlight to go on any investment products for retail investors designed to meet banks' new regulatory capital requirements
Fees, nerves, and first-home-buyer activity - what the FMA's annual KiwiSaver report tells us about the state of our retirement savings scheme
10th Oct 19, 5:00am
37
Fees, nerves, and first-home-buyer activity - what the FMA's annual KiwiSaver report tells us about the state of our retirement savings scheme
FMA CEO Rob Everett says without regulators' threat to report back to the public banks wouldn't have removed sales incentives on their own, and might have resisted the move if the FMA & RBNZ had just asked them to do it privately
7th Aug 19, 9:45am
FMA CEO Rob Everett says without regulators' threat to report back to the public banks wouldn't have removed sales incentives on their own, and might have resisted the move if the FMA & RBNZ had just asked them to do it privately
Westpac NZ refunding about 93,000 customers overcharged about $7 million after self-reporting the issues to the Financial Markets Authority and the Commerce Commission
6th Aug 19, 11:04am
5
Westpac NZ refunding about 93,000 customers overcharged about $7 million after self-reporting the issues to the Financial Markets Authority and the Commerce Commission
Many lawyers are dragging their heels on AML compliance, risking penalties, reputation damage and full-scale police investigations when the regulator begins its inspections later this year
22nd Apr 19, 8:02am
1
Many lawyers are dragging their heels on AML compliance, risking penalties, reputation damage and full-scale police investigations when the regulator begins its inspections later this year
FMA plans more work on KiwiSaver fees, says eye will be on the conduct of default providers ahead of the next round of default appointments
13th Feb 19, 4:16pm
2
FMA plans more work on KiwiSaver fees, says eye will be on the conduct of default providers ahead of the next round of default appointments
Challenge of achieving good customer outcomes through vertically integrated banks 'harmed significantly' by staff incentives 'to put away product', FMA says
19th Nov 18, 9:53am
Challenge of achieving good customer outcomes through vertically integrated banks 'harmed significantly' by staff incentives 'to put away product', FMA says
'High risk' of inappropriate sales practices occurring with banks 'not adequately' monitoring and controlling the risk, FMA says in bank pay incentive structures report
15th Nov 18, 1:02pm
6
'High risk' of inappropriate sales practices occurring with banks 'not adequately' monitoring and controlling the risk, FMA says in bank pay incentive structures report
FMA director of regulation Liam Mason details the type of bank pay incentives the regulator would like to see rewarded, says incentives linked to sales should go completely
15th Nov 18, 1:00pm
10
FMA director of regulation Liam Mason details the type of bank pay incentives the regulator would like to see rewarded, says incentives linked to sales should go completely
FMA not keen to embed supervisors in banks like its Aussie counterpart, but sees logic of prudential regulators - IE the Reserve Bank - doing so
9th Aug 18, 4:00pm
5
FMA not keen to embed supervisors in banks like its Aussie counterpart, but sees logic of prudential regulators - IE the Reserve Bank - doing so
Which 3 life insurance providers is the FMA considering taking regulatory action against? Westpac and AMP rule themselves out; 2 providers stay silent
19th Jul 18, 7:29am
8
Which 3 life insurance providers is the FMA considering taking regulatory action against? Westpac and AMP rule themselves out; 2 providers stay silent
Churn concerns prompt FMA to consider regulatory action against three large financial institutions that sell life insurance
18th Jul 18, 1:09pm
8
Churn concerns prompt FMA to consider regulatory action against three large financial institutions that sell life insurance
FMA sounds alarm bells over commissions paid to financial advisers, but stops short of lobbying the Government to regulate these; says it first wants to try proposals before Parliament to tighten rules around conduct
22nd Mar 18, 1:17pm
4
FMA sounds alarm bells over commissions paid to financial advisers, but stops short of lobbying the Government to regulate these; says it first wants to try proposals before Parliament to tighten rules around conduct
FMA issues formal warning under anti-money laundering law to forex company and Hurricanes sponsor Fullerton Markets
24th Nov 17, 12:48pm
2
FMA issues formal warning under anti-money laundering law to forex company and Hurricanes sponsor Fullerton Markets
FMA fast-tracks access to robo-advice at a rate slower than expected; Prioritises greater oversight at the expense of more red tape
18th Oct 17, 7:25am
1
FMA fast-tracks access to robo-advice at a rate slower than expected; Prioritises greater oversight at the expense of more red tape
The FMA issues warnings about NZ's troublesome Financial Service Providers Register in Chinese, Malay and Arabic & admits it's easier to get on it than be removed from it
22nd Sep 17, 6:02am
6
The FMA issues warnings about NZ's troublesome Financial Service Providers Register in Chinese, Malay and Arabic & admits it's easier to get on it than be removed from it
FMA keen to see personalised robo-advice enabled in New Zealand sooner than the law would otherwise allow
21st Jun 17, 4:04pm
1
FMA keen to see personalised robo-advice enabled in New Zealand sooner than the law would otherwise allow
Commerce and Consumer Affairs Minister Jacqui Dean 'not in a position' to say whether claims handling will be included in big insurance regulation reforms planned for next year
19th Jun 17, 12:02pm
4
Commerce and Consumer Affairs Minister Jacqui Dean 'not in a position' to say whether claims handling will be included in big insurance regulation reforms planned for next year
FMA report highlights financial advice inequality and raises questions around breadth of financial advice on offer to even those who can afford it
27th Mar 17, 3:37pm
4
FMA report highlights financial advice inequality and raises questions around breadth of financial advice on offer to even those who can afford it