FMA pours big effort into culture and conduct review, prompting resource reshuffle

Thu, 09 Aug 2018

By Paul McBeth Aug. 9 (BusinessDesk) - The Financial Markets Authority's joint review of culture and conduct in the banking and insurance sectors with the Reserve Bank is taking up a lot of the regulator's time as it works towards filing an October report. Chief executive Rob Everett told a media briefing on the FMA's annual corporate plan that the review had taken precedence over some other work programmes. The FMA and RBNZ will report to ministers in October, and Everett said the diversion of resources underscores the FMA's ability to...

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