Observations
Apr 03, 2025As of this week, new financial conduct standards have taken effect in New Zealand under the Conduct of Financial Institutions (CoFI) regime, with the Financial Markets Authority (FMA) assuming an expanded oversight role.
Observations
Jul 12, 2022In 2018, joint reviews conducted by the FMA and Reserve Bank of New Zealand identified a significant gap in financial services regulation. They found that banks and insurers didn't have sufficient systems in place to monitor the risks of poor conduct or outcomes.
