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Taking part in the IMF assessment programme is an important way for New Zealand to show we want to be recognised as an international destination for investor capital. Seeing how our system stacks up against international best practice means investors both here and abroad can have confidence in the regulatory framework we have been building over the last decade.
The regulations covering our financial system, and in particular our securities markets, have been transformed since the IMF’s last FSAP review. And not only as a result of the shortcomings reported in the last FSAP. The impacts of the Global Financial Crisis and the recommendations from the Capital Markets Development Taskforce have also contributed to a huge overhaul of our regulatory framework. Read more.
Liam Mason
Director of Regulation, FMA
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