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Reducing barriers for financial services 01 February 2024

On 31 January 2024, the Government announced plans to reform the Financial Markets (Conduct of Institutions) Amendment Act (CoFI) and the Credit Contracts and Consumer Finance Act (CCCFA).

MBIE announces banking services panel 05 July 2023

The New Zealand Government Procurement (NZGP) branch of the Ministry of Business, Innovation and Employment (MBIE) has today announced an updated All-of-Government (AoG) panel providing a range of banking services to government agencies until 30 June 2027.

Government announces market study into personal banking services 20 June 2023

Today the Government has announced that it will ask the Commerce Commission (the Commission) to undertake a market study into competition in New Zealand’s personal banking sector.

Government announces final changes to the CCCFA Regulations 12 April 2023

The Government has announced a final set of changes to the Credit Contracts and Consumer Finance Act and the Responsible Lending Code to improve safe access to credit for Kiwis. The changes will be applied from 4 May 2023.

New Chair appointed to the Financial Advisers Disciplinary Committee 09 December 2022

The Ministry of Business, Innovation and Employment (MBIE) has today confirmed that Mr John Matthews has been appointed as Chair of the Financial Advisers Disciplinary Committee.

Consultation opens on conduct of financial institutions regime regulations 28 September 2022

The Ministry of Business, Innovation and Employment (MBIE) has today opened consultation on regulations relating to sales incentives and proposed licensing fees to support a new regulatory regime to govern conduct in the financial sector.

Government to increase FMA’s funding and set new levies 19 May 2022

The Government has agreed through Budget 2022 to increase the Financial Market Authority - Te Mana Tātai Hokohoko’s (FMA) annual operating funding from $60.805 million to $76.401 million in 2025/26.

Govt proposes initial changes to lending requirements 11 March 2022

Initial proposed changes to lending requirements announced by the Government today will help New Zealanders acquire credit safely and responsibly.

MBIE announces new Financial Markets Authority Board appointments 28 February 2022

The Ministry of Business, Innovation and Employment (MBIE) has today confirmed the appointment of 3 new members of the Financial Markets Authority Board, along with the reappointment of a current board member.