Have you ever had a question for a national regulator at the highest level? Finance Magnates is slated to interview Rob Everett, Chief Executive Officer (CEO) of New Zealand’s Financial Markets Authority (FMA) and is inviting questions from our readership that will be featured directly to the regulator.
The FMA has been one of the most active regulators in the financial services industry lately, helping redefine the playing field for offshore brokers. The organization serves as New Zealand’s paramount watchdog organization, serving the public against all matters of unauthorized and illicit activity. Overall, the regulator helps police the country’s markets across a variety of asset classes, including foreign exchange (FX), derivatives, futures and equities.
Last year, this began with the ambitious implementation of Phase One in New Zealand, which fostered changes in the requirement of increased net capital for foreign FSPs.
The FX Global Code – Is Self-Regulation the Future of the Industry?Go to article >>
Phase Two followed promptly after at the end of last year, which focused on financial services laws that targeted and altered investor disclosure. The culmination of this act, in conjunction with its earlier iteration, helped ultimately meet the goals of the Financial Markets Conduct Act of 2013 (FMC Act).
More recently however, the FMA helped mitigate harmful efforts by Ukrainian brokerage Forex Trend, whereby providing a bastion of defense for would-be investors after a bitter insolvency.
The interview itself will focus on a number of recent initiatives conducted by the FMA, along with conduct risk and equities, among other hot topics. Readers are encouraged to formulate questions for Mr. Everett, which will promptly be added to the manifest later today.