FMA recorded Allen’s role in SkyCity talks as potential conflict of interest

Tue, 06 Aug 2013

Aug 6 (BusinessDesk) – Financial Markets Authority chairman Simon Allen’s role in negotiating the government’s convention centre for pokies deal with NZX-listed SkyCity Entertainment Group was recorded as a potential conflict of interest, the regulator says. Allen, a former investment banker who has chaired the market watchdog since May 2011, took a key role in talks with the casino and hotel group, according to papers released by Ministry of Business, Innovation and Employment Minister Steven Joyce last month. He was enlisted by Joyce to s...

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