As the monitoring department for the Financial Markets Authority, the Ministry of Business, Innovation and Employment says it has started an independent investigation into “matters raised in relation to workplace conduct and culture at the FMA.”
MBIE says in a short statement that the FMA Board is supportive of an investigation.
The Ministry has appointed Kristy McDonald KC to lead the investigation.
The statement says MBIE is “…mindful this is an unsettling situation for FMA staff, and we will ensure the investigation is completed as soon as is reasonable.”
“MBIE will ensure the investigator provides an independent, confidential channel for people to engage with the investigation.Details on how this can be accessed will be shared shortly,” it says.
Also see: Cultural Concerns at FMA.