Friday, November 16, 2018

Tag: FMA

FMA Calls For More Power Over Bank Conduct 

The Financial Markets Authority has called on the Government to address certain ‘gaps’ in the framework for regulation of banks. In the recently released report...

Regulators Call For Banks to Remove All Sales Incentives 

The Financial Markets Authority and Reserve Bank of New Zealand have told eleven New Zealand banks to remove all incentives linked to sales measures,...

Customer-Centric Conduct Must be ‘Permanently Embedded’ – FMA  

The Financial Markets Authority (FMA) Chief Executive, Rob Everett, says the regulator is determined to “play its part” to make sure customer-centric conduct is...

FMA Report on Insurer Conduct and Culture Review Due December 

The Financial Markets Authority has stated in its October update that it will report on its Insurer Conduct and Culture Review in December. It also...

Code Draft Progress Update 

Code Working Group Chair, Angus Dale-Jones, has confirmed that the Code draft is on track to be published for consultation within a few weeks...

“You Can’t ‘Will’ Good Conduct” – FMA Chief

Financial Markets Authority (FMA) Chief Executive, Rob Everett, gave a cautionary address on the deterioration of trust and repercussions of poor conduct at the...

FSC Set to Release Code of Conduct For Members 

The Financial Service Council (FSC) will launch its long-awaited Code of Conduct this week, following nearly two years in development. The new Code for the...

FMA to Prioritise Quality Advice Access

The Financial Markets Authority (FMA) has outlined its priorities for 2018/19, following the release of its Annual Corporate Plan. The Plan identified eight strategic priorities and...

Latest Poll – Will FSLAB Work?

Our latest poll seeks your verdict on whether the current FSLAB regulatory reform process will achieve the Government's primary goal of improving access to...

FMA Grows Impatient With ‘Patchy’ Approach to Customer Outcomes in Financial Services

The Financial Markets Authority (FMA) has described the extent of the understanding around customer outcomes, as to what is required and how to achieve...