Investigation into conduct and culture at the Financial Markets Authority
Published: 04 August 2026
As the monitoring department for the Financial Markets Authority (FMA), the Ministry of Business, Innovation and Employment (MBIE) has started an independent investigation into matters raised in relation to workplace conduct and culture at the FMA.
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The FMA Board is supportive of an investigation. MBIE has appointed Kristy McDonald KC to lead the investigation.
We are mindful this is an unsettling situation for FMA staff, and we will ensure the investigation is completed as soon as is reasonable.
MBIE will ensure the investigator provides an independent, confidential channel for people to engage with the investigation. Details on how this can be accessed will be shared shortly.
We can make no further comment until the investigation is complete.
MBIE media contact
Email: media@mbie.govt.nz
https://www.mbie.govt.nz/about/news/investigation-into-conduct-and-culture-at-the-financial-markets-authority
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