FMA releases hit list for the coming year. Garth Bray 2degrees Business wrap |…
FMA releases hit list for the coming year. Garth Bray 2degrees Business wrap | Herald NOW Business
NZ Herald ·
FMA releases hit list for the coming year. Garth Bray 2degrees Business wrap | Herald NOW Business
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{"v":1,"chapters":[{"timeSeconds":0,"label":"FMA Releases Hit List","summary":"The Financial Markets Authority has released its hit list for the coming year. The list focuses on detecting and preventing fraud and scams."},{"timeSeconds":14,"label":"Focus on Consumer Protection","summary":"The FMA is shifting its focus to ensure brokers' commissions do not interfere with providing good advice. This includes looking at FinTech and licensing."},{"timeSeconds":30,"label":"Tougher Stance on Failures","summary":"The FMA is taking a harder line on egregious failures, aiming to double the number of investigations and court proceedings."},{"timeSeconds":42,"label":"Record Penalties Collected","summary":"In the past four years, the FMA has collected $60 million in penalties. In the first six months of last year, they collected $350 million in civil penalties."},{"timeSeconds":106,"label":"Proactive Market Engagement","summary":"The FMA is increasing its efforts beyond supervision, aiming to proactively engage with market participants and encourage fair play."},{"timeSeconds":114,"label":"High-Profile Cases","summary":"The FMA is currently involved in two high-profile court cases, with one case progressing and the other nearing resolution."}]}
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