Rebuilding Trust in Financial Services

15 October 2018

Rebuilding Trust in Financial Services: Sir Bill English to Tackle Key Issues at CFA Society New Zealand Gala Dinner

New Zealand’s financial services sector must prove it deserves the public’s trust – or face the consequences of a situation like the one unfolding in Australia, says the country’s leading financial ethics and integrity association.

CFA Society New Zealand holds its 13th annual Gala Forecast Dinner in Auckland on October 31 and the fallout of the findings by Royal Commission into banking, superannuation and financial services across the Tasman will be the central topic for discussion.

The dinner, with special guest Sir Bill English the keynote speaker, will see the country’s leading financial professionals gather to dissect what’s happened across the ditch and ramifications for the New Zealand sector.

“It’s been a big year for the industry, but not necessarily for the right reasons,” says CFA Society NZ president Jeff Stangl.

“We’re not immune to what’s happening in Australia and public confidence in our financial institutions has been severely shaken. For New Zealand it’s a timely warning that, as a professional sector, we need to lift our game and restore public trust or risk having regulators stepping in to do it for us.”

Already, the Financial Services Legislation Amendment Bill is currently before Parliament.

CFA Society New Zealand, part of global financial ethics, integrity and professional excellence and education organisation CFA Institute, is delighted to have former Prime Minister and long-serving Minister of Finance Sir Bill attending to share his insights.

Sir Bill will be interviewed on stage during the dinner, at Auckland’s Stamford Hotel, by Craig Stobo, one the country’s foremost financial management and governance experts.

Sir Bill will discuss his views on how New Zealand finance professionals can help build a better world for investing, trends around the development and management of public assets, the power of data and analytics in driving public policy and how he views the country’s economic progress and development.

“We’re seeing some pretty lumpy sentiment about the economy, so it’ll be fascinating to hear Sir Bill’s thoughts,” says Stangl. “He helped steer New Zealand through the global financial crisis a decade ago, and no one is better placed to look ahead at the challenges and opportunities we now face in the financial sector.”

Not only is enhancing the standards of finance professional imperative, so is raising the standards of institutional governance, says Stangl.

CFA Society NZ recently launched associate membership to enable New Zealand finance professionals and institutions who are non-CFA Charterholders to gain accreditation in the highest standard of ethics, education and professional excellence.

“The interest in associate membership has been phenomenal, and it’s clear Kiwi finance professionals – advisors and directors –understand that we have to significantly lift our game.

“That’s cause for real optimism. We’ve got a lot of issues to discuss, debate and execute but we’ve got plenty to celebrate as well. This year’s dinner will be insightful, illuminating and fun.”

13TH GALA FORECAST DINNER: LET’S BUILD A BETTER WORLD FOR INVESTING

In conjunction with the INFINZ Conference
Special guest: Sir Bill English, joined by Craig Stobo for Q&A session

• Gain key industry insights
• Network with finance peers
• Play the industry version of the Price is Right and make your forecasts for 2019

Venue: Stamford Hotel, Albert Street, Auckland

Date: 31 October 2018, from 6pm

Price: From $150 (+GST); includes drinks, canapés and a three-course meal

Email info@cfasociety.org.nz for table bookings and to be invoiced for tickets, or purchase online

Dress code: Business

ENDS

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