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...

More Markets

Will Sharesies investors continue to support Me Today?
Retail

Stock & Trade: Will Sharesies investors continue to support Me Today?

Me Today is launching its fifth capital raise since March 2020.

Miraka’s rapid sale illustrates David/Goliath dairy battle
Primary Sector

Miraka’s rapid sale illustrates David/Goliath dairy battle

Open Country’s buyout cements its place as NZ’s clear No 2 dairy processor.

NZ sharemarket up 0.4% after Potentia sells Vista stake
Markets

NZ sharemarket up 0.4% after Potentia sells Vista stake

The S&P/NZX 50 Index closed at 13,133.2, up 58.38 points or 0.45%.

Graham Skellern 04 Sep 2025