Here's what you can expect from the FMA this year
FMA chief executive Samantha Barrass made it clear, in a scene setting speech in Auckland this week, that under her watch outcomes was the focus for the regulator.
Her predecessor, Rob Everrit, was focussed on conduct from day one of his reign as head regulator.
Barrass acknowledged financial services face “a series of significant milestones, through a period in which central banks around the world are having to take actions, unseen for a long while, to reduce inflation.”
But 2023 was the year three important pieces of regulation get implemented in New Zealand. These are the full financial advice regime, the conduct regime for banks and insurers and the Climate Related Disclosure regime.
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