Financial Markets Conduct Act
CEO Vittoria Shortt says when ASB finds issues it works with regulators to fix them as interim results highlight 3 court cases against the bank
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CEO Vittoria Shortt says when ASB finds issues it works with regulators to fix them as interim results highlight 3 court cases against the bank
New Zealand’s finance industry is required by law to treat customers fairly – but how do we define ‘fair’?
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New Zealand’s finance industry is required by law to treat customers fairly – but how do we define ‘fair’?
Tower Insurance to pay $7 million penalty after the FMA says it used advertised multi-policy discounts to attract and keep customers but did not have ‘systems that could reliably deliver on the promised discount’
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Tower Insurance to pay $7 million penalty after the FMA says it used advertised multi-policy discounts to attract and keep customers but did not have ‘systems that could reliably deliver on the promised discount’
IAG NZ paying $19.5 million penalty after self reporting Financial Markets Conduct Act breaches the FMA says are the worst in any fair dealing case it has taken to court to date
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IAG NZ paying $19.5 million penalty after self reporting Financial Markets Conduct Act breaches the FMA says are the worst in any fair dealing case it has taken to court to date
MBIE plans to set up separate reserve comprising court-awarded costs after Financial Markets Authority says it could run out of litigation money
MBIE plans to set up separate reserve comprising court-awarded costs after Financial Markets Authority says it could run out of litigation money
Financial Markets Authority warns people to complain if they're not paying the correct premiums as Southern Cross Travel Insurance admits liability for breaches of fair dealing laws, pays $1.1 million to Crown
Financial Markets Authority warns people to complain if they're not paying the correct premiums as Southern Cross Travel Insurance admits liability for breaches of fair dealing laws, pays $1.1 million to Crown
Financial Markets Authority shares its Financial Conduct Report, highlighting conduct problems and areas of regulatory focus
Financial Markets Authority shares its Financial Conduct Report, highlighting conduct problems and areas of regulatory focus
IAG NZ self reporting to FMA results in civil court case alleging breaches of the Financial Markets Conduct Act
IAG NZ self reporting to FMA results in civil court case alleging breaches of the Financial Markets Conduct Act
Simon Papa probes whether the FMA’s outcomes guide is a revolution in financial regulation
Simon Papa probes whether the FMA’s outcomes guide is a revolution in financial regulation
[updated]
FMA files civil proceedings against ASB relating to the alleged overcharging of 25,497 customers by about $4.3mln
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FMA files civil proceedings against ASB relating to the alleged overcharging of 25,497 customers by about $4.3mln
AA Insurance ordered to pay almost $6.2 million penalty after overcharging tens of thousands of customers $11 million by failing to apply discounts and misleading marketing material
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AA Insurance ordered to pay almost $6.2 million penalty after overcharging tens of thousands of customers $11 million by failing to apply discounts and misleading marketing material
The Financial Markets Authority cautions two Southern Cross entities for neglecting to apply advertised discounts on insurance products, causing almost $600,000 in overcharged premiums
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The Financial Markets Authority cautions two Southern Cross entities for neglecting to apply advertised discounts on insurance products, causing almost $600,000 in overcharged premiums
National's Andrew Bayly on fair conduct, anti-money laundering and how open banking could help combat scams
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National's Andrew Bayly on fair conduct, anti-money laundering and how open banking could help combat scams
[updated]
FMA files court proceedings against AA Insurance for allegedly overcharging tens of thousands of customers
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FMA files court proceedings against AA Insurance for allegedly overcharging tens of thousands of customers
[updated]
FMA highlights the reporting of hundreds of conduct & culture issues from life insurers resulting in tens of millions of dollars of customer remediation
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FMA highlights the reporting of hundreds of conduct & culture issues from life insurers resulting in tens of millions of dollars of customer remediation