Financial Markets Authority swings axe as costs blow out

Chief executive Samantha Barrass is overseeing change at the FMA. (Image: Supplied)

Fri, 28 Mar 2025

The Financial Markets Authority announced a staff restructure earlier this week following cost blowouts in the second half of the calendar year 2024.It is not yet clear how many jobs will go at the market regulator, which already restructured back in 2022 under then-new chief executive Samantha Barrass. RNZ is reporting that more than 20 jobs are on the line.'A focused consultation'Public Service Association national secretary Fleur Fitzsimons said the union was concerned about the job cuts. "These jobs will reduce capaci...

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