FMA lifts head count to 170 staff as it probes new areas

Thu, 19 Mar 2015

By Pam Graham March 19 (BusinessDesk) - The Financial Markets Authority has "staffed up" to the tune of 170 people and will invest heavily in technology in coming years to fulfill its role as a regulator, a parliamentary committee has heard. Chairman Murray Jack told the parliament's commerce committee the organisation was "not yet four years old" and it was now operating under new law that had given it new powers. Chief executive Rob Everett said about 85 per cent of the authority's costs were salaries or staff-related costs, which fe...

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