5. MICHAEL WOODHOUSE (National) Link to this
to the Minister of Commerce
What is he doing to promote “mum and dad” investor confidence in financial markets?
Hon SIMON POWER (Minister of Commerce) Link to this
Among other things, the Government has decided to create a new consolidated regulator for our capital markets, to be known as the Financial Markets Authority, or FMA. The Financial Markets Authority will consolidate functions currently fragmented across the Securities Commission, the Ministry of Economic Development—including the Government Actuary—and NZX. The authority will have a clear focus on surveillance and enforcement designed to help rebuild mum and dad investor confidence in our financial markets.
Michael Woodhouse Link to this
When does he expect to make further announcements on the proposed Financial Markets Authority?