Page 10 - Rob Everett News Today

"You'd expect to see them accelerating certain things where there are issues and we just didn't see that."

Wall Street drama contributed to a sell-off on the New Zealand sharemarket.

Market watchdog FMA slams NZX over cybersecurity breaches, says critical gaps remain 27 Jan, 2021 07:16 PM 12 minutes to read A market watchdog has released a damning report on cyberattacks that hit the NZX over August and September last year, forcing it offline for several trading days, plus an earlier, volume-related glitch that forced it offline during April 2020. The Financial Markets Authority said the New Zealand Stock Exchange had been caught short on technology and skilled staff - and t...

Reseller News Join Reseller News Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.Sign up now Financial Markets Authority slams NZX over DDoS response Regulator finds the stock market was caught flat-footed during foreseeable cyberattacks The Financial Markets Authority (FMA) has found the NZ stock exchange failed to meet its licensed market operator obligations due to insufficient technology resources during last years DDoS atta...

Pressure for real changes at the NZX Pressure for real changes at the NZX 28 January 2021 The Financial Markets Authoritys reviewed the stock exchange ... after multiple major issues and outages last year -- including D-DOS attacks in August. Its criticised the exchanges technology, but expressed confidence it will make improvements. Authority chief executive Rob Everett says some of the NZXs crisis management planning and procedures were too basic. He says the NZX has been told it needs t...

New Zealand Financial Markets Authority Market Releases Review Of NZX Technology Issues Date 27/01/2021 A review of NZX by the Financial Markets Authority (FMA), released today, has found the stock exchange failed to meet its licensed market operator obligations due to insufficient technology resources. As a licensed market operator, NZX is required to meet certain obligations under the Financial Markets Conduct Act (FMC Act). One of those obligations is to have sufficient technology res...

Date Time FMA releases review of NZX technology issues of NZX by the Financial Markets Authority (FMA), released today, has found the stock exchange failed to meet its licensed market operator obligations due to insufficient technology resources. As a licensed market operator, NZX is required to meet certain obligations under the Financial Markets Conduct Act (FMC Act). One of those obligations is to have sufficient technology resources to operate its licensed markets properly, including arrang...

Canny View: ESG investing hotter than ever 17 Dec, 2020 08:53 PM 6 minutes to read If you are looking to invest with a conscience, it might pay to check under the hood. Photo / Supplied If you are looking to invest with a conscience, it might pay to check under the hood. Photo / Supplied Hawkes Bay Today The only thing hotter than the Hawkes Bay summer right now? ESG funds. What is ESG? It stands for environmental, social, and governance issues. Identifying companies rated highly on E...

Business Insider: FMAs growing army, Simon Power tipped as possible next Westpac CEO 18 Dec, 2020 04:00 PM 6 minutes to read More than half of the FMAs 241 staff now earn over $100k. 123rf NZ Herald THE INSIDER Stay up-to-date with The Insider, a weekly column featuring whats happening behind the scenes in business. Many businesses have cut staff pay and laid-off workers this year, but one government department has had a bumper rise in the number of its staff earning more than...

New Zealand Financial Markets Authority Publishes 2020 Annual Report Date 16/12/2020 The market conduct regulator said in the first half of the year it was operating in a period of relative economic stability and focusing on regular monitoring, enforcement activity, and preparing for expansion to its regulatory remit. However, COVID-19 undermined economic stability and tested the FMA’s agility, as planned work was put on hold so the regulator could manage its role in the crisis, and supp...