Change is afoot for NZ's regulatory financial landscape

Commerce and consumer affairs minister Andrew Bayly. (Image: NZME)

Wed, 31 Jan 2024

New Zealand’s increasingly complex regulatory landscape is about to undergo a much-needed overhaul, commerce and consumer affairs minister Andrew Bayly told the Financial Services Council in a speech.According to the minister, over the past 20 years, a series of legislative and regulatory reforms have been implemented to enhance the conduct of financial institutions.“Regrettably, this layering of regulation and legislation has led to the architecture governing the financial services sector losing some of its coherence, and it has ce...

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