Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag New Zealand government plans financial sector reform to reduce barriers.

flag The New Zealand government has announced plans to reform the financial services sector to reduce barriers for both institutions and citizens. flag This overhaul will address aspects of financial market conduct regulation, streamline licensing requirements, and reduce overlaps and duplications among key regulators. flag The Reserve Bank of New Zealand will become the prudential regulator, while the Financial Markets Authority will be appointed as the single conduct regulator, overseeing a conduct license and a prudential license. flag Twin Peaks regime's effectiveness, an outcomes-focused regulatory approach, and maintaining a close relationship between the FMA and the industry will be crucial to the success of these reforms.

15 months ago
9 Articles