TMM - News

Reports of sales targets prompt FMA letter to banks

Wednesday 3rd of May 2023

FMA executive director of regulatory delivery Clare Bolingford signed off on the letter to chief executives warning that it has been four years since the FMA reviewed bank incentive structures (BIS Review).

In the letter she says, the design and management of bank incentive schemes influence how banking staff act and what behaviour is valued. In the BIS Review the FMA described incentiv...

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