Page 9 - Rob Everett News Today

MR No. 2021 – 19 New laws to regulate and supervise payment and settlement systems have been passed by Parliament following the third reading of the Financial Market Infrastructures Bill (the Bill) yesterday. FMIs are critical systems that support day-to-day payments and financial transactions in the economy. They include electronic payment systems, and systems to settle trades in a range of financial products, such as equities and bonds. These systems are mostly used by banks and other finan...

After a turbulent start, the regulator has been adept at avoiding conflict. It’s quiet, perhaps too quiet. The last time the country’s most important financial regulator had a leadership change there was scandal and intrigue galore. This time … crickets. When the time comes for the Financial Markets Authority board to select a replacement for outgoing chief executive Rob Everett, some reflection on the contrasting atmospheres would be in order. Looking back, the events surrounding the d...

Tuesday, 16 March 2021, 10:44 am The Financial Markets Authority (FMA) Board today announced that Chief Executive Rob Everett had resigned and would leave the organisation towards the end of the year. FMA Chair Mark Todd said Mr Everett has done an outstanding job as the FMA’s second Chief Executive, overseeing the implementation of the Financial Markets Conduct Act as well as helping to lead a national discussion around the need for conduct regulation in financial services. “Rob has been, ...

Major banks and insurers now report regularly to the FMA and the Reserve Bank on how they are treating their customers, and the reviews led to the creation of the Financial Markets (Conduct of Institutions) Amendment Bill, which will require banks and insurers to treat customers fairly if they wish to keep their licences to do business. Under Everett, the FMA concluded cases against finance company directors whose companies had failed and wiped out the savings of many older investors. The F...

Departing boss 'an outstanding leader' says FMA chair.

Infrastructure NZ CEO Owen Gill says Rob Everett easily the best chief executive he's worked with.

Rob Everett has headed up the Financial Markets Authority for seven years.

New Zealand has gone through the most significant re-engagement with the share market in more then three decades but there is a risk that a lack of knowledge could lead to some people being burnt.

A report published Thursday found that NZX should have been able to avoid a four-day downtime last year caused by a cyber attack.

NZX attack: Where the buck stops - and why your company could be next 28 Jan, 2021 05:00 AM 8 minutes to read "However fast youre moving, youre probably not moving fast enough," says FMA chief executive Rob Everett as companies battle escalating cyber-threats. Photo / File "However fast youre moving, youre probably not moving fast enough," says FMA chief executive Rob Everett as companies battle escalating cyber-threats. Photo / File "However fast youre moving, youre probably not movin...