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flag New Zealand's FMA chair Craig Stobo temporarily stepped down amid an undisclosed investigation.

flag Craig Stobo, New Zealand’s Financial Markets Authority chair, has temporarily stepped down from his role and other Crown positions as the Ministry of Business, Innovation, and Employment launches an independent investigation into unspecified matters. flag Stobo, appointed in May 2024, agreed to step aside to avoid conflict of interest, though the probe’s focus remains undisclosed. flag The FMA continues operating under interim leadership, with no timeline provided for the investigation’s conclusion.

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