NZ RegCo had to revamp surveillance after pandemic chaos

NZ RegCo had to revamp surveillance after pandemic chaos
The Financial Markets Authority also told the stock exchange to improve its continuous disclosure investigations (Image: BusinessDesk)
Dan Brunskill
New Zealand’s listed market watchdog had to adjust its surveillance tools after volatile pandemic trading triggered huge numbers of conduct alerts, a report by the Financial Markets Authority has revealed.The FMA’s annual review of the NZX’s obligations as a market operator showed that NZ RegCo’s market surveillance team was inundated with alerts last year.Monitoring and responding to the automated real-time alerts (SMARTS) consumed approximately 77% of the team’s resources during May and June, when covid-19 volati...

More Markets

NZ sharemaket up 0.1% despite 'volatile' markets
Markets Market Close

NZ sharemaket up 0.1% despite 'volatile' markets

The S&P/NZX 50 Index closed at 12,338.57, up 18.38 points or 0.15%.

NZX-listed companies take stock in wake of US tariff moves
Economy

NZX-listed companies take stock in wake of US tariff moves

Wine makers, manufacturers and others mull what trade wars will bring.

Analysts struggle to find upside from Trump tariffs
Economy

Analysts struggle to find upside from Trump tariffs

‘They've forgotten the lessons of the Great Depression,’ one analyst said.