MONEY TALKS: Who knows what lurks in the heart of the FMA

Tue, 23 Jun 2015

By Paul McBeth June 23 (BusinessDesk) - The Financial Markets Authority has overseen some tough finance company prosecutions, the fall of Ponzi king David Ross, and helped usher in a massive overhaul of legislation governing securities. But it is struggling to gain any name recognition. In its third survey of the nation’s confidence in New Zealand’s financial markets, only about 40 percent of the 1,000 respondents had heard of the FMA, with another 10 percent unsure. If you strip out the quarter or so respondents without any investment...

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