FMA adds to leadership team
The Financial Markets Authority (FMA) has made two senior appointments, including filling the newly-created role of director of banking and insurance.
Wednesday, October 2nd 2019, 10:36AM 
1 Comment
Sarah Vrede joins as director of capital markets and has more than 20 years’ public and private sector experience in financial and capital markets.
Most recently she was the head of the NZ Debt Management Office within Treasury. Vrede was appointed a Fellow of the Institute of Finance Professionals (INFINZ) earlier this year in recognition of her significant contribution to New Zealand’s capital markets.
She will join the FMA in early November and be based in Wellington.
Clare Bolingford will join the FMA in a new role of director of banking and insurance.
She leaves a senior role at the UK markets and conduct regulator, the Financial Conduct Authority (FCA).
Bolingford has worked for the FCA for almost 20 years, most recently as head of cross-cutting policy and head of supervision for retail banking groups. She also recently spent two years at the UK Treasury, leading capital markets and prudential policy.
Bolingford will relocate to New Zealand to assume her new role in January 2020. She will be based in Auckland.
Chief executive Rob Everett said: “I am excited to be hiring leaders of such calibre into my team. These are important additions into the leadership group as we look towards a greatly expanded regulatory remit. It is great to see such enthusiasm for the work of the FMA as we serve New Zealanders by applying conduct regulation across sectors and markets within financial services."
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Someone said "this regulation thingy is getting way out of hand.....
except for the fact that it has created a bunch of new government bodies which provides controlling employment for people.
Government employees who mostly watch their smartphones on Friday mornings to make sure their pay went in without having to justify having actually achieved anything like someone in private enterprise has to normally do?
Most times, the regulations applied are wasted efforts with banks ripping people off in their monopolised industry.....for now.
You are apparently not even allowed to have the word 'bank' in your designation so you cannot join the 'monopoly' even if you wanted to?
eg:Regulation in the building 'profession'.... the scaffold & white plastic-wrapped buildings which resulted in stupid things like the application of permanently-lit ceiling signs showing where the exit has always been, often for decades in buildings where the exit is only a few metres away?
And fire alarm systems in concrete buildings where the only combustible thing is a pencil.
All as a result of scaremongery after the likes of the Christchurch earthquake event where no government employee now wants to have the finger pointed at them if a brick falls off a building and hits someone on the foot?"
Yes, that was a bit of a gripe.
However, it is suggested to be more aware of all these 'new' government departments who are created out of virtually nothing nor any need most times.
Time will tell if they are of any use.