Regulation

FMA role wider than preventing finance company collapses

Tuesday 24th of May 2011

Speaking at the Professional Advisers Association (PAA) conference in Auckland last Thursday, Hughes said, "I don't believe it is the role of the regulator to prevent financial company collapses."

He said he was not an advocate of minimal regulation and "there must be an element of risk in the securities market."

Referring to the FMA's action against Bernard Whimp's low-ball share...

Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.