FMA releases first annual corporate plan
The Financial Markets Authority is publishing its annual corporate plan for the first time, setting out its planned regulatory activities and key areas of focus to June 2018.
The FMA says publishing the plan is part of the increased transparency it’s committed to, as part of the review which increased its funding from July this year. It was the FMA’s first funding review since it was established in 2011.
The activities in the plan are designed to respond to the areas of risk identified in the Strategic Risk Outlook, published in February. The plan includes:
* The FMA’s organisational objectives and planned activities for 2017/18,
* The outcomes it seeks to achieve,
* Future focus areas,
* The regulated sectors and financial markets its work will impact,
* How it intends to measure its success and progress during the year.
“We committed to the government and industry to show how we will be using our resources,” the FMA’s Chief Executive, Rob Everett, says.
“The plan delivers on that, showing how we will we focus on improving financial service providers’ conduct and how we will measure our effectiveness.”
The plan is organised according to FMA’s seven strategic priorities:
- Governance and culture,
- Conflicted conduct,
- Capital market growth and integrity,
- Investor decision-making,
- Sales and advice,
- Frontline regulators,
- FMA effectiveness and efficiency.
The FMA’s responses to the recommendations from IMF’s recent review of New Zealand’s financial system are marked in the plan as (IMF FSAP).
The FMA Annual Corporate Plan includes the FMA’s core documents:
Last updated on the 16th September 2019