NZX has been ticked off by the Financial Markets Authority which said the stock market operator's market surveillance wasn't up to scratch, it needs to better manage conflicts of interest, and its continuing operational errors were concerning.
New Zealand's central bank and Financial Markets Authority so far haven't seen any evidence of "systemic and widespread" misconduct in a review of New Zealand banks, FMA chief executive Rob Everett told parliament's Finance and Expenditures select committee.
The Financial Markets Authority's (FMA) annual KiwiSaver report yesterday revealed a sharp increase in withdrawals and a slump in new member numbers in the wake of the Government's ramped up HomeStart subsidy for first home buyers and its Budget 2015 decision to remove the NZ$1,000 'kick-start' for new members from last May.
For the convenience of email-avoiding subscribers and samplers, here's the email sent earlier on Tuesday.
Steven Joyce unveiled NZ$3 million for investments in tech and software exporters and NZ$450,000 in seed money for a tech company incubator.