Tag: financial_services
-
New Report: Fragmentation Hinders Fintech's Path to Digitized Open Economy
"Fintech Insights 2026" report highlights fragmentation as the biggest blocker to a digitized open economy. It outlines five key themes and four system challenges, emphasizing that progress requires a unified national direction and strategic investment beyond venture capital.
BusinessScience & TechnologyPolitics and GovernmentEconomyBankingFinancial MarketsComputers and InternetGeneral Politics FintechDigital EconomyOpen BankingDigital IdentityFinancial ServicesRegulationInvestmentTechnology
-
FMA Prepares to Assume Consumer Credit Regulation in New Zealand
New Zealand's FMA will take over consumer credit regulation from the Commerce Commission on July 1, 2026, following a new Bill's third reading. This aims for a streamlined, coordinated approach with a new licensing regime for lenders.
BusinessPolitics and GovernmentLaw EnforcementEconomyLegalFinancial MarketsFederal GovernmentSocial Issues Financial Markets AuthorityConsumer CreditRegulatory ResponsibilityCredit Contracts and Consumer Finance ActLendingFinancial ServicesNZ Financial Markets Authority
-
Three-Vehicle Crash Partially Blocks State Highway 1 Near Wellington
A three-vehicle crash on State Highway 1 near the Mackays to Peka Peka Expressway has partially blocked both northbound and southbound lanes. Authorities advise motorists to expect heavy traffic, delay travel, or seek alternative routes.
Financial Services Traffic IncidentsAutomotiveWellingtonState Highway 1New Zealand PolicePeka Peka Expressway
-
New Zealand Government Gives Councils Three Months to Propose Local Government Reforms
The New Zealand Government has given local councils a three-month window to propose regional reorganizations. The initiative aims to create more efficient unitary authorities, warning that the government will mandate changes if councils fail to act.
Financial Services Local Government ReformNew Zealand GovernmentChris BishopSimon WattsUnitary AuthoritiesPoliticsGovernment Policy
-
Financial Advice Sector Sees Strong Growth, Digital Services Surge
New FMA report reveals a 10% rise in financial advice providers and a 90% surge in digital advice clients, alongside challenges with data accuracy.
BusinessFinanceLaw Enforcement Financial AdviceDigital AdviceFMARegulatory ReturnsConsumer OutcomesMarket TrendsFinancial ServicesNZ Financial Markets Authority
-
Former Financial Advisor Sentenced for Theft
Murray McClune, a former financial advisor, has been sentenced to three years and seven months in prison for stealing $1.7 million from elderly clients. He is also banned from providing financial advice.
BusinessLegalEconomyFinancial MarketsBanking Financial Markets AuthorityMurray McCluneFinancial AdvisorTheftSentencingMargot GatlandFinancial ServicesNZ Financial Markets Authority
-
Financial Markets Authority Seeks Feedback on Tokenisation
The FMA is seeking feedback on the implications of tokenisation, the process of turning real or virtual assets into digital tokens, to balance innovation and consumer protection in New Zealand's financial markets.
BusinessScience & TechnologyEconomyFinancial MarketsBankingComputers and InternetLegal Financial Markets AuthorityFMAtokenisationdigital assetsblockchainLiam Masonfinancial servicesNZ Financial Markets Authority
-
FMA Focuses on Conduct and Access in Financial Advice Sector
The FMA is prioritizing conduct impacting vulnerable consumers, fee transparency, and client asset protection. Forums will address the Financial Conduct Report, while a review of access to financial advice is underway. A former adviser pleads guilty to theft.
BusinessPolitics and GovernmentLegalFinancial Markets Financial Markets AuthorityFinancial Conduct ReportFinancial Advice Provider ForumsMurray McCluneFilcare Services LimitedFinancial ServicesRegulatoryNZ Financial Markets Authority
-
FMA Warns Against Investment Scheme Operated by Jesse Joseph Vaughan and Crypto Partners Limited
The FMA has issued a public warning about a managed investment scheme operated by Jesse Joseph Vaughan and Crypto Partners Limited for operating without a license.
BusinessLegalFinancial Markets Financial Markets Authoritymanaged investment schemeJesse Joseph VaughanCrypto Partners LimitedinvestmentlicenseFinancial ServicesNZ Financial Markets Authority