Tag: financial_regulation
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FMA Becomes Sole Financial Market Conduct Regulator in New Zealand
The FMA has assumed responsibility for consumer credit regulation from the Commerce Commission, becoming New Zealand's single financial market conduct regulator. This centralizes oversight, aiming for clearer rules and enhanced consumer protection, with an initial focus on lending practices and…
BusinessPolitics and GovernmentEconomyFinancial MarketsLegalState GovernmentsSocial Issues Financial Markets AuthorityFMAConsumer CreditFinancial RegulationCommerce CommissionCredit Contracts and Consumer Finance Amendment Act 2026NZ Financial Markets Authority
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FMA Unveils 2026/27 Regulatory Priorities, Expands Consumer Protection
FMA outlines 2026/27 regulatory priorities, focusing on consumer credit oversight, managing conflicts, product design, and fraud. The report highlights progress in strengthening New Zealand's financial markets and embracing innovation like AI while ensuring strong consumer protection.
BusinessLaw EnforcementScience & TechnologyEconomyBankingFinancial MarketsArtificial IntelligenceLegalEducation Financial Markets AuthorityFinancial Conduct ReportRegulatory PrioritiesConsumer CreditFinancial RegulationNZ Financial Markets Authority
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FMA Seeks Feedback on New Zealand's Custody of Client Assets Laws
The FMA is reviewing New Zealand's custody of client assets laws, seeking feedback on clarity and fitness for purpose. The discussion paper highlights concerns about the complex, fragmented regime, limited oversight, and emerging risks to investor protection.
BusinessPolitics and GovernmentEconomyBankingFinancial MarketsLegalGeneral Politics Financial Markets AuthorityCustody of AssetsFinancial RegulationInvestor ProtectionDigital AssetsRegulatory ReviewNZ Financial Markets Authority
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EU Approves Continued Use of New Zealand Financial Benchmarks
The European Commission has recognized New Zealand's financial benchmark regulations as equivalent to the EU's, ensuring the NZ Bank Bill Rate benchmark can still be used in the EU from 2026.
BusinessPolitics and GovernmentEuropeFinancial MarketsTradeEconomyBankingLegal European CommissionFinancial Markets AuthorityNZ Bank Bill RateBKBMFinancial BenchmarkFinancial RegulationNZ Financial Markets Authority
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FMA Releases Financial Conduct Report, Outlining Key Priorities for the Year Ahead
The Financial Markets Authority (FMA) has released its Financial Conduct Report, outlining key priorities for the financial sector. The report details conduct risks and opportunities the FMA will address over the next 12 months.
BusinessPolitics and GovernmentFinancial MarketsEconomyBankingLegal Financial Markets AuthorityFinancial Conduct ReportSamantha Barrassfinancial regulationinvestmentfraudfintechNZ Financial Markets Authority