FMA
FMA CEO Rob Everett says the financial services sector is at a tipping point and needs to focus on how to make sure customers get a better deal
4th Jun 18, 6:31am
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FMA CEO Rob Everett says the financial services sector is at a tipping point and needs to focus on how to make sure customers get a better deal
FMA's Rob Everett says review of bank conduct & culture shows plenty that could be done better but so far no evidence of systemic misconduct
30th May 18, 2:00pm
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FMA's Rob Everett says review of bank conduct & culture shows plenty that could be done better but so far no evidence of systemic misconduct
Ministers Robertson & Faafoi say they will meet with the RBNZ & FMA regularly as their work programme on financial services sector conduct and operations develops
30th May 18, 7:47am
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Ministers Robertson & Faafoi say they will meet with the RBNZ & FMA regularly as their work programme on financial services sector conduct and operations develops
The FMA and RBNZ’s top brass to brief MPs on Wednesday following their probe into NZ bank conduct
28th May 18, 1:32pm
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The FMA and RBNZ’s top brass to brief MPs on Wednesday following their probe into NZ bank conduct
RBNZ's Adrian Orr says foreign controlled banks must acknowledge they operate in NZ, acknowledge the home-host regulator relationship & have a long-term focus
25th May 18, 2:03pm
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RBNZ's Adrian Orr says foreign controlled banks must acknowledge they operate in NZ, acknowledge the home-host regulator relationship & have a long-term focus
FMA and RBNZ give life insurance companies until June 22 to prove they aren't mimicking the misconduct of some of their Australian parents
24th May 18, 12:46pm
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FMA and RBNZ give life insurance companies until June 22 to prove they aren't mimicking the misconduct of some of their Australian parents
FMA believes companies should keep updating the market even if they're in voluntary administration; Says its dealings with CBL have prompted it to ask the court for clarity on the matter
18th May 18, 7:20am
FMA believes companies should keep updating the market even if they're in voluntary administration; Says its dealings with CBL have prompted it to ask the court for clarity on the matter
Commerce and Consumer Affairs Minister Kris Faafoi disappointed life and health insurers spent $34m on soft commissions in two years, but won't commit to banning them
17th May 18, 10:59am
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Commerce and Consumer Affairs Minister Kris Faafoi disappointed life and health insurers spent $34m on soft commissions in two years, but won't commit to banning them
Life and health insurers spend 9% of their sales revenue on soft commissions for the advisers who sell their products; FMA warns of conflicts of interest
16th May 18, 3:00pm
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Life and health insurers spend 9% of their sales revenue on soft commissions for the advisers who sell their products; FMA warns of conflicts of interest
Any NZ inquiry into the conduct of the financial services sector will require a lengthy and deep probe into the insurance sector, Gareth Vaughan argues
15th May 18, 4:10pm
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Any NZ inquiry into the conduct of the financial services sector will require a lengthy and deep probe into the insurance sector, Gareth Vaughan argues
Michael Wood, the Chairman of Parliament's Finance and Expenditure Select Committee, says summoning bank CEOs to appear before MPs is an ‘open and live option’
15th May 18, 1:05pm
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Michael Wood, the Chairman of Parliament's Finance and Expenditure Select Committee, says summoning bank CEOs to appear before MPs is an ‘open and live option’
FMA and RBNZ's response to revelations from Australian financial services Royal Commission appear 'rather desperate' and 'driven by being seen to be doing something'
11th May 18, 1:47pm
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FMA and RBNZ's response to revelations from Australian financial services Royal Commission appear 'rather desperate' and 'driven by being seen to be doing something'
'You're in New Zealand,' RBNZ's Adrian Orr tells overseas owned, NZ operating banks, and your behaviour needs to be consistent with our laws and expectations
11th May 18, 9:38am
'You're in New Zealand,' RBNZ's Adrian Orr tells overseas owned, NZ operating banks, and your behaviour needs to be consistent with our laws and expectations
Schemes that deal with complaints people make about their financial service providers urge the Government not to go too far in making them report all the misconduct they see to regulators
11th May 18, 5:00am
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Schemes that deal with complaints people make about their financial service providers urge the Government not to go too far in making them report all the misconduct they see to regulators
The New Zealand Shareholders' Association calls for CBL Corporation to be liquidated and the FMA to exercise its powers to act on behalf of investors
10th May 18, 4:02pm
The New Zealand Shareholders' Association calls for CBL Corporation to be liquidated and the FMA to exercise its powers to act on behalf of investors
FMA & RBNZ tell banks the window for them to show consumers & regulators they can have full confidence in the NZ financial services industry is narrow with proactive leadership required
4th May 18, 2:33pm
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FMA & RBNZ tell banks the window for them to show consumers & regulators they can have full confidence in the NZ financial services industry is narrow with proactive leadership required
Banks' attempts to be more customer-centric by changing the way they incentivise staff slammed by union for being superficial; FMA optimistic about impact of financial advice and insurance contracts law changes
3rd May 18, 2:10pm
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Banks' attempts to be more customer-centric by changing the way they incentivise staff slammed by union for being superficial; FMA optimistic about impact of financial advice and insurance contracts law changes
Gareth Vaughan probes the FMA & RBNZ's demand for NZ banks to prove they're better behaved than their Aussie parents & concludes the argument for a Royal Commission doesn't stake up at this point
3rd May 18, 10:01am
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Gareth Vaughan probes the FMA & RBNZ's demand for NZ banks to prove they're better behaved than their Aussie parents & concludes the argument for a Royal Commission doesn't stake up at this point
ANZ NZ's message to its regulators in the wake of the Australian Royal Commission on Financial Services is 'come and have a look', CEO David Hisco says
2nd May 18, 8:21am
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ANZ NZ's message to its regulators in the wake of the Australian Royal Commission on Financial Services is 'come and have a look', CEO David Hisco says
FMA's CEO Rob Everett & RBNZ Governor Adrian Orr tell NZ's big bank CEOs to prove their banks are different to their Aussie parents
2nd May 18, 7:39am
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FMA's CEO Rob Everett & RBNZ Governor Adrian Orr tell NZ's big bank CEOs to prove their banks are different to their Aussie parents
Company with a website where access is by invitation only, that claims to both manage US$11 bln of oil & gas assets & have expertise in blockchain technology, eyes NZX IPO
1st May 18, 9:46am
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Company with a website where access is by invitation only, that claims to both manage US$11 bln of oil & gas assets & have expertise in blockchain technology, eyes NZX IPO
Simon Papa argues there's a way to both stop NZ's Financial Service Providers Register being a register of convenience & support legitimate financial services exports
30th Apr 18, 7:33am
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Simon Papa argues there's a way to both stop NZ's Financial Service Providers Register being a register of convenience & support legitimate financial services exports
Despite the revelations from Australia's Financial Services Royal Commission going from bad to worse, don't expect the local offshoots of Australia's big banks to face the same scrutiny in NZ
23rd Apr 18, 10:39am
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Despite the revelations from Australia's Financial Services Royal Commission going from bad to worse, don't expect the local offshoots of Australia's big banks to face the same scrutiny in NZ
New RBNZ Governor says NZ has a 'very unusual tax situation and it reflects back into the banking sector' when asked about a Capital Gains Tax, sees no need for an NZ Royal Commission on banking
22nd Apr 18, 12:11pm
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New RBNZ Governor says NZ has a 'very unusual tax situation and it reflects back into the banking sector' when asked about a Capital Gains Tax, sees no need for an NZ Royal Commission on banking
Lawyer for company director facing charges brought by the FMA details client's determination to retain name suppression
19th Apr 18, 11:59am
Lawyer for company director facing charges brought by the FMA details client's determination to retain name suppression