FMA seeks greater powers from the government

Wed, 18 Sep 2019

By Jenny Ruth Sept. 18 (BusinessDesk) - The Financial Markets Authority wants the government to give it the power to "go in and poke around" inside banks and insurers so it can stop potential problems for consumers before they happen, says chief executive Rob Everett. "At the moment, we have no powers in law to go in and look at these things to allow us and the industry to get ahead of things before they happen," Everett told BusinessDesk. The FMA has to wait until it discovers specific examples of mis-selling or other types of miscond...

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