How super is the market regulator?

How super is the market regulator?
Simon Power was a much younger fellow when he embarked on securities law reform. (Image: Getty)
Paul McBeth
The Financial Markets Authority did everyone a favour by releasing its lessons learned from the disgraceful Barry Kloogh fraud. Not only did it get to make a plea to policymakers to expand its regulatory perimeter, but it also cleared wrap platform Consilium and custodian FNZ of any wrongdoing while also identifying some substandard industry practices at the time. Hooray – another chance for the Financial Markets Authority (FMA) to issue another set of guidelines! Bank of New Zealand took a wee slapping over how rigorous it...

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The retirement sector pays the piper
Property Analysis

The retirement sector pays the piper

Measuring retirement sector profitability is a tangle. Investors want clarity. 

NZ sharemarket dips despite strong US, Australian gains
Markets Market Close

NZ sharemarket dips despite strong US, Australian gains

The S&P/NZX 50 Index closed down 25 points or 0.19%.

Jamie Gray 18 Jul 2025
Livestock Improvement Corp posts strong profit but warns of FY26 one-offs
Primary Sector

Livestock Improvement Corp posts strong profit but warns of FY26 one-offs

Dairy genetics company Livestock Improvement Corporation (LIC) posted a stronger result for the 12 months to May 31, but warned the current financial year would be impacted by one-offs.LIC booked a full-year after-tax profit of $30.6 million for the 12 months to May 31, up from $...

Staff reporters 18 Jul 2025
Warehouse reshuffles exec team
Retail

Warehouse reshuffles exec team

The Warehouse Group has reshuffled its executive team ahead of its leadership transition at the end of the month.On Friday, the retail group appointed Stefan Knight as chief financial officer. Knight will exit his role as financial director at Spark New Zealand and start on Aug 1...

Staff reporters 18 Jul 2025