Regulation of financial services promotes greater choice and boosts productivity
MR No. 2014 – 019
17 June 2014
FMA CEO Rob Everett has called on business to support New Zealand’s new regulatory regime - in financial services and in business generally - so that New Zealand enjoys more sustained, stronger economic growth.
Mr Everett told Trans-Tasman business leaders, at a session in Auckland today, that the New Zealand economy was recovering steadily from the post-GFC recession. He also noted the important role the regulator plays in contributing to the government’s priorities to build a more productive economy.
The FMA’s role in the growth agenda is to help promote fair, efficient and transparent markets and encourage informed participation in the markets. “Where people have confidence in the markets and trust in the conduct of finance industry professionals they are far more likely to participate and invest in productive assets,” said Mr Everett.
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