Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 


Simon Allen reappointed Chair of FMA

Hon Craig Foss
Minister of Commerce

23 April 2013

Simon Allen reappointed Chair of FMA

Commerce Minister Craig Foss has welcomed the reappointment of Simon Allen as Chair of the Financial Markets Authority (FMA).

“I am delighted Mr Allen has been reappointed. He has been very successful in guiding the FMA through its initial period of operation since 1 May 2011.

“Over this time, the FMA has gained credibility from the public and the industry and has delivered on its role of rebuilding confidence in our financial markets following the global financial crisis.

“Mr Allen is highly-regarded across both Government and the industry. With more than 25 years’ experience in financial markets management and senior governance roles, he has the right credentials to ensure that the FMA continues to be an effective financial sector regulator,” says Mr Foss.

Mr Allen has been reappointed for an eighteen-month term, commencing 1 May 2013.

Further information on the Financial Markets Authority can be located at: http://www.fma.govt.nz/

Background
Simon Allen is the current Chair of Crown Fibre Holdings Limited and Auckland Council Investments Limited. He is Deputy Chair of St Cuthbert’s College in Auckland and director of Snowvision Charitable Trust. Previously, he was also the Chair of NZX Limited from 2001 to 2008.

The FMA is an independent Crown entity established under the Financial Markets Authority Act 2011. It enforces securities, financial reporting, and company law as they apply to financial services and securities markets. It is the primary regulator for securities exchanges, financial advisers and brokers, and trustees and issuers – including issuers of KiwiSaver and superannuation schemes. The FMA’s main objective is to promote and facilitate the development of fair, efficient and transparent financial markets.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

New Research: Most Homeless People Working Or Studying

“The cost of housing has been rising without corresponding increases in income, whilst the number of state houses per capita has been in decline. Many low-income people are missing out on housing, whether we recognise them as ‘homeless’ or not. More>>

ALSO:

Post-Traynor: New Offender Info Sharing Plan

“This Bill delivers on that step-change by moving away from name-based records held by individual agencies to a shared, anchor identity based on unalterable information, such as fingerprints and facial recognition. It also gives agencies access to the drivers’ licence photo database and birth, death and marriages information." More>>

  • NZ Law Foundation - New $2M fund for research on information challenges
  • Littoral: New Ship To Deliver Enhanced Naval Capability

    Defence Minister Gerry Brownlee says the Government has approved a Ministry of Defence and New Zealand Defence Force recommendation to request tenders for a new naval ship to support littoral operations. More>>

    July:

    After King's Labour Snub: Māori Party And Kiingitanga To Work Together

    Māori Party Co-leaders Te Ururoa Flavell and Marama Fox met with Kiingitanga representatives in Wellington yesterday to discuss working together on key issues for the betterment of Māori. More>>

    ALSO:

    Waitangi Claim On Rehabilitation: The 'Justus' System For Māori Not Good Enough

    Closing statements at the Waitangi Tribunal case against Corrections called for immediate steps and a comprehensive review to address the high rate of Māori reoffending. More>>

    ALSO:

    Advice: PM Sets Rules For Ministers' Treatment Of Public Servants

    Prime Minister John Key has laid down the law about the way ministers and public servants should interact, saying ministers may not always like the advice they receive, but they must listen to it carefully, respectfully and professionally. More>>

    Gordon Campbell: On The Funding Changes In Special Needs Education, And Uber

    The plan to strip out the educational support for older “special needs” children in order to meet the existing shortfall in funding for special needs in early childhood education is so miserly and relentlessly stupid as to defy belief… More>>

    SPECIAL EDUCATION (& More):

    Online Learning Plans:

    Post Cab Presser: Inquiries And Consciences

    This afternoon the Prime Minister John Key announced that his cabinet had drafted terms of reference for the Havelock North water contamination inquiry... In response to questions on the Shop Trading Hours Amendment Bill, the Prime Minister said he didn't think allowing National MPs a conscience vote was warranted. More>>

    ALSO:

    Get More From Scoop

     

    LATEST HEADLINES

     
     
     
     
     
     
     
     
     
    Parliament
    Search Scoop  
     
     
    Powered by Vodafone
    NZ independent news