FMA’s Hughes sees benefits of single markets regulator across NZ and Australia

Mon, 27 Aug 2012

Aug. 27 (BusinessDesk) - A single regulator for financial markets in Australia and New Zealand would help market participants and investors in both countries, says Sean Hughes, chief executive of the Financial Markets Authority. “The potential benefits of integration for market participants are high, through reduction of complexity, increased certainty and lower costs of compliance,” Hughes says in a submission to the Australian and New Zealand Productivity Commissions. A worthy goal would be to achieve a single licensing and product disclos...

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