Statement regarding Craig Stobo
Published: 08 December 2025
The Ministry of Business, Innovation and Employment (MBIE) has commenced an investigation into matters that have been raised about Financial Markets Authority (FMA) Chair Craig Stobo.
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Mr Stobo has agreed to temporarily step aside as FMA Chair while the investigation is undertaken. He will also step aside from his other Crown governance and advisory responsibilities.
MBIE will be leading an independent investigation into these matters as the monitoring department for the FMA.
MBIE can make no further comment until the investigation is complete.
MBIE media contact
Email: media@mbie.govt.nz
Last updated: 08 December 2025
https://www.mbie.govt.nz/about/news/statement-regarding-craig-stobo
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