FMA sets sales, conduct and governance as priority targets

Thu, 30 Oct 2014

By Suze Metherell Oct. 30 (BusinessDesk) - The Financial Markets Authority is stepping up efforts to police the finance sector, highlighting three areas of concern where it sees poor practice or misconduct posing a risk to the public as it beds in the final stages of its new legislated mandate. The market watchdog is targeting sales and advice, conflicted conduct and governance saying it sees a risk of misconduct harming investors, businesses and the economy more widely, FMA chief executive Rob Everett told the Institute of Finance Profes...

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