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FMA ‘not away with the fairies’ with outcomes focus, CEO says

In a rare one-on-one interview, Samantha Barrass also defends perception the market regulator is a wet bus ticket enforcer.

FMA chief executive Samantha Barrass.

Key points
  • What's at stake: The Financial Markets Authority wants to become an outcomes-focused regulator but many in the financial services industry have pushed back against draft guidance.
  • Background: CEO Samantha Barrass has been in the job just over two years now and faces an ever-increasing remit.
  • Main players: FMA, Samantha Barrass, Andrew Bayly, financial services, Commerce Commission.

FMA chief executive Samantha Barrass has just ticked off two years as the head of the market regulator.

She’s been reflecting.

There’s been the climate-related disclosures regime, a new financial advice regime, the Conduct of Financial Institutions (CoFI) regime – each with objectors and

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Hamish McNicol Thu, 28 Mar 2024
Contact the Writer: Hmcnicol@nbr.co.nz
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Key points
  • What's at stake: The Financial Markets Authority wants to become an outcomes-focused regulator but many in the financial services industry have pushed back against draft guidance.
  • Background: CEO Samantha Barrass has been in the job just over two years now and faces an ever-increasing remit.
  • Main players: FMA, Samantha Barrass, Andrew Bayly, financial services, Commerce Commission.
FMA ‘not away with the fairies’ with outcomes focus, CEO says
Law,
103373
true