FMA: The Financial Markets Authority (FMA) published its annual report today for the financial year ending June 30 2017. This highlights two key developments for the FMA; a Government review confirming increased funding and the IMF’s Financial System Stability Assessment.
Murray Jack, FMA Chair said: “During the year, we reviewed our strategic planning to make sure additional funding is directed to our key areas of focus. In addition to feedback from those we regulate, this review was also informed by the IMF assessment and Deloitte’s evaluation of our effectiveness and efficiency”.
During the year the FMA has also set expectations of what conduct regulation means for financial providers and investors. The annual report also covers the work our frontline supervision and monitoring teams have carried out with licensed businesses and where further work is required. MORE.>