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Disclosure a tool, FMA says

Monday 19th of October 2015

Liam Mason, the Financial Markets Authority’s director of regulation, spoke at a recent INFINZ conference. 

He said the traditional approach to disclosure had been the assumption that if all information was available to them, investors would be fairly armed and react rationally.

But no account was taken of customers’ natural biases, avoidances or behaviour.

Under the F...

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