FMA
FMA fines insurance companies $180k for breaching conduct act
Insurance companies Cigna Life and OnePath Life are paying $180,000 dollars to the Financial Markets Authority (FMA) for allowing misleading representations to be made about their credit card…
Cryptocurrency providers at high risk of financial crime - FMA
The Financial Markets Authority has found that cryptocurrency service providers face a high risk of being targeted by money launderers and terrorism financiers.
Financial watchdog issues scathing report on NZX
The government financial regulator has strongly criticised the stock exchange for being ill prepared and slow to react to last year's cyber attacks. Trading on the NZX was halted for four days last… Audio
FMA watches Kiwisaver, warns of scams
The Financial markets Authority says recent market turmoil is raising the pressure on Kiwisaver companies to cope with nervous investors and give best advice. Audio
Regulator wants to rekindle with life insurers
The Financial Markets Authority has told life insurers it wants co-operation rather than confrontation in bringing change to the industry. Audio
Regulator against splitting up big four financial firms
Auditors and the companies they serve need to put more distance between them to help lift investor confidence according the Financial Markets Authority. Audio
Financial regulators disappointed in life insurers
Financial regulators are disappointed and unimpressed by the life insurance industry's failure to fix issues and clean up its act. Audio
FMA to get tougher as its patience wears thin
The Financial Markets Authority's says its patience with businesses in the sector resisting change is wearing thin. Audio
Solving the World's Problems
Rob Everett CEO of the Financial Markets Authority talks about some of the issues facing our financial markets, investor confidence and opens up about the banking industry. Audio
'Failures do happen' - FMA response to falling recognition
The Financial Markets Authority says public expectations of what it and the Reserve Bank can do to keep the financial system safe are probably too high. Audio
FMA to increase scrutiny of insurance and banking sectors
The Financial Markets Authority plans to increase its scrutiny of the conduct and culture of financial services firms and listed companies over the next year. Audio
Shareholder Association wants review of FMA over CBL saga
The Shareholder's Association hopes the Reserve Bank has learned its lesson from the collapse of CBL Insurance. Audio
Audit firms reluctant to disclose performance
Attempts to find out the quality of auditing done by the largest audit firms in this country, have been blocked by the industry. Audio
Markets review committee disappoints
The selection of committee members to lead the review of New Zealand's capital markets has raised some eyebrows. Audio
Financial advisors responsible for informing customers
Most consumers feel they aren't getting enough information about their investments, even though most are satisfied with the service they're getting from financial advisors. Audio
FMA - Wynyard failed to keep investors fully informed
The Financial markets authority says the failed crime fighting software developer Wynyard failed to keep investors fully informed about its business and financial situation. Audio
FMA urges auditors to be sceptical
Auditors need to be more rigorous, consistent and independent, according to their regulator. Audio
Kiwibank to review incentives for staff to sell products
Bank sales staff across the nine biggest retail banks in New Zealand earned $71 million in variable pay linked to performance measures - such as selling loans and products to customers - in the year… Video, Audio
Bang for buck? The FMA on Kiwisaver
The Financial Markets Authority's annual report into Kiwisaver is out, revealing more than 32-thousand New Zealanders withdrew nearly a billion dollars, between them, in the year to March, to help buy… Audio
Trust in financial services industry at 'crisis' point
The chief executive of the Financial Market's Authority has taken the industry to task .. saying it is facing a public trust 'crisis'. Audio