Broader remit for FMA would be helpful, IMF says

Paul McBeth
Tue, 07 Mar 2017

By Paul McBeth March 7 (BusinessDesk) - New Zealand's Financial Markets Authority got a thumbs-up from the International Monetary Fund, which says it would probably benefit from having a broader remit.  The global agency completed a review of the country's financial sector regulation, which it deemed to be sound while saying extra tools could enhance the framework. Mission chief Alejandro Lopez-Mejia told a briefing in Wellington that legislation overhauling New Zealand's securities law, the Financial Markets Conduct Act, placed the count...

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