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Financial Markets Authority (New Zealand)
The Financial Markets Authority (FMA, Maori:Te Mana Tātai Hokohoko) is a New Zealand government agency responsible for financial regulation. It is responsible for regulating all financial market participants, exchanges and the setting and enforcing of financial regulations. History The authority was established on 1 May 2011 as part of the ''Financial Markets (Regulators and KiwiSaver) Bill'' which was passed by the New Zealand parliament on the 7 April 2011. It was established in a wake of criticism over its predecessor, the Securities Commision, being unable to halt the failure of a large number of finance companies and to stem investor losses in the period between 2006 and 2010. It was introduced by Commerce Minister Simon Power, with him saying "This move is at the centre of the Government's drive to restore the confidence of mum and dad investors in our financial markets." Structure The FMA is controlled by a board appointed by the Minister of Commerce and run by chi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Securities Commission Of New Zealand
The Securities Commission was an independent Crown entity of the government of New Zealand and the main regulator of investments. It was replaced on 1 May 2011 by the Financial Markets Authority. It was responsible for enforcement, monitoring and market oversight of the securities markets, authorising participants and promoting public understanding of investments. This included authorising the New Zealand Stock Exchange with which it ran a co-regulatory model. On 27 April 2010, the New Zealand minister for commerce Simon Power announced that the Securities Commission would be replaced by a new integrated financial regulator, the Financial Markets Authority. History The commission was first established under the Securities Act 1978 which determines its powers and functions. The commissions role was modified and extended by a number of additional pieces of legislation. These include the Securities Markets Act 1988, the Investment Advisers (Disclosure) Act 1996, the Securit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wellington
Wellington is the capital city of New Zealand. It is located at the south-western tip of the North Island, between Cook Strait and the Remutaka Range. Wellington is the third-largest city in New Zealand (second largest in the North Island), and is the administrative centre of the Wellington Region. It is the world's southernmost capital of a sovereign state. Wellington features a temperate maritime climate, and is the world's windiest city by average wind speed. Māori oral tradition tells that Kupe discovered and explored the region in about the 10th century. The area was initially settled by Māori iwi such as Rangitāne and Muaūpoko. The disruptions of the Musket Wars led to them being overwhelmed by northern iwi such as Te Āti Awa by the early 19th century. Wellington's current form was originally designed by Captain William Mein Smith, the first Surveyor General for Edward Wakefield's New Zealand Company, in 1840. Smith's plan included a series of inter ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New Zealand
New Zealand () is an island country in the southwestern Pacific Ocean. It consists of two main landmasses—the North Island () and the South Island ()—and List of islands of New Zealand, over 600 smaller islands. It is the List of island countries, sixth-largest island country by area and lies east of Australia across the Tasman Sea and south of the islands of New Caledonia, Fiji, and Tonga. The Geography of New Zealand, country's varied topography and sharp mountain peaks, including the Southern Alps (), owe much to tectonic uplift and volcanic eruptions. Capital of New Zealand, New Zealand's capital city is Wellington, and its most populous city is Auckland. The islands of New Zealand were the last large habitable land to be settled by humans. Between about 1280 and 1350, Polynesians began to settle in the islands and subsequently developed a distinctive Māori culture. In 1642, the Dutch explorer Abel Tasman became the first European to sight and record New Zealand. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Regulation
Financial regulation is a broad set of policies that apply to the financial sector in most jurisdictions, justified by two main features of finance: systemic risk, which implies that the failure of financial firms involves public interest considerations; and information asymmetry, which justifies curbs on freedom of contract in selected areas of financial services, particularly those that involve retail clients and/or principal–agent problems. An integral part of financial regulation is the supervision of designated financial firms and markets by specialized authorities such as securities commissions and bank supervision, bank supervisors. In some jurisdictions, certain aspects of financial supervision are delegated to self-regulatory organizations. Financial regulation forms one of three legal categories which constitutes the content of financial law, the other two being market practices and case law. History In the early modern period, the Dutch were the pioneers in finan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Securities Commision
A security is a tradable financial asset. The term commonly refers to any form of financial instrument, but its legal definition varies by jurisdiction. In some countries and languages people commonly use the term "security" to refer to any form of financial instrument, even though the underlying legal and regulatory regime may not have such a broad definition. In some jurisdictions the term specifically excludes financial instruments other than Equity (finance), equity and fixed income instruments. In some jurisdictions it includes some instruments that are close to equities and fixed income, e.g., Warrant (finance), equity warrants. Securities may be represented by a certificate or, more typically, they may be "non-certificated", that is in electronic (Dematerialization (securities), dematerialized) or "book entry only" form. Certificates may be ''bearer'', meaning they entitle the holder to rights under the security merely by holding the security, or ''registered'', meaning t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Simon Power (politician)
Simon James Power (born 5 December 1969) is a New Zealand chief executive and former politician. Power was elected to the New Zealand House of Representatives in 1999 as the Member of Parliament for Rangitīkei. A member of the National Party, he served as Minister of Justice, Minister of Commerce and Consumer Affairs, and Minister for State Owned Enterprises in the first term of the Fifth National Government from 2008 until 2011. His retirement from politics was considered a surprise. After leaving Parliament, Power worked for ten years at Westpac, including as acting chief executive. He was chief executive of TVNZ from 2022 to 2023, during the period when it was floated that the state-owned television network merge with Radio New Zealand. Since 2024 he has been chief executive of investment firm Fisher Funds. Early years Power was educated in Palmerston North, attending St Peter's College from 1981-1987. While at St Peter's, he captained two senior sports teams and cha ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bridgecorp
Bridgecorp Holdings Ltd was a high-risk property development group that was operating in New Zealand and Australia. It was placed in receivership in July 2007. History The company was originally listed on the New Zealand stock exchange as Bridgevale Mining and changed its name in 1987, the same year it acquired Toy Warehouse. Bridgecorp Holdings was delisted after the toy company—considered underperforming—was sold in 1992 and went into receivership the same year. Rod Petricevic effectively took control of Bridgecorp after it was delisted. He tried several times to relist the company, but was rejected by the NZX. In 2002, Bridgecorp Holdings was deregistered in New Zealand and moved its headquarters to Sydney, Australia. Bridgecorp Limited served as a subsidiary for New Zealand while Bridgecorp Finance Ltd was established as its Australian arm. In 2004, Bridgecorp Holdings began trading at Unlisted, a New Zealand-based trading facility. In 2006 the group began reporting the r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hanover Finance
Hanover ( ; ; ) is the capital and largest city of the German state of Lower Saxony. Its population of 535,932 (2021) makes it the 13th-largest city in Germany as well as the fourth-largest in northern Germany after Berlin, Hamburg and Bremen. Hanover's urban area comprises the towns of Garbsen, Langenhagen and Laatzen and has a population of about 791,000 (2018). The Hanover Region has approximately 1.16 million inhabitants (2019) and is the largest in the Hanover–Braunschweig–Göttingen–Wolfsburg Metropolitan Region, the 17th biggest metropolitan area by GDP in the European Union. Before it became the capital of Lower Saxony in 1946, Hanover was the capital of the Principality of Calenberg (1636–1692), the Electorate of Hanover (1692–1814), the Kingdom of Hanover (1814–1866), the Province of Hanover of the Kingdom of Prussia (1868–1918), the Province of Hanover of the Free State of Prussia (1918–1947) and of the State of Hanover (1946). From 1714 to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lombard Finance
William Patrick Jeffries (born 19 September 1945) is a former New Zealand politician of the Labour Party. He was elected as the Member of Parliament for Heretaunga and served as Minister of Transport and Minister of Justice. Biography Early life and career Jeffries was born in Wellington in 1945 and he was educated at St Patrick's College. He attended Victoria University and graduated with a Bachelor of Laws, after which he became a lawyer at his brother's legal firm. Later he left New Zealand to work in the United Kingdom, before returning to Wellington and establishing his own law firm. He was an active athlete in his youth, playing both tennis and rugby. Jeffries married and had six children. Political career Jeffries was a member of the Wellington City Council from 1974 until 1980. From 1977 to 1980 he was leader of the Labour caucus on the council; he was the youngest ever leader. Wellington Mayor Sir Michael Fowler later described Jeffries as an "extremely good" ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Securities Commission
A securities commission, securities regulator or capital market authority is a government department or agency responsible for financial regulation of securities products within a particular country. Its powers and responsibilities vary greatly from country to country, but generally cover the setting of rules as well as enforcing them for financial intermediaries and stock exchanges. History As long as there have been securities there have been regulations. However, in the early days this consisted primarily of self-regulated groups or societies. External government regulation has primarily been driven by financial crises or scandals. As early as the 13th century the king Edward I of England decreed that brokers should be licensed after he was forced to go to local money brokers that give much less favorable terms then his Italian brokers after the start of the Anglo-French war. In 1720 the British Parliament passed the Bubble Act which had specific regulations for securit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Finance Company Collapses, 2006-12 (New Zealand)
Finance refers to monetary resources and to the study and discipline of money, currency, assets and liabilities. As a subject of study, is a field of Business Administration wich study the planning, organizing, leading, and controlling of an organization's resources to achieve its goals. Based on the scope of financial activities in financial systems, the discipline can be divided into personal, corporate, and public finance. In these financial systems, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. Due to its wide scope, a broad range of subfields exists within finance. Asset-, money-, risk- and investment management aim to maximize value and minimize volatility. Financial analysis assesses the viability, stability, and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Financial Regulatory Authorities By Jurisdiction
In this list of financial regulatory and supervisory authorities, central banks are only listed where they act as direct supervisors of individual financial firms, and competition authorities and takeover panels are not listed unless they are set up exclusively for financial services. Financial intelligence units and policy banks are not listed, unless they also have a financial supervisory mandate. List of current authorities Authorities by sovereign states Others authorities by sovereign states and dependencies Extinct financial regulatory authorities Only those former authorities with a dedicated Wikipedia article are listed here. * Belgian Banking Commission (1935–2011) * (SBIF, 1925–2019), (SAFP, 1980–2008) and (SVS, 1980–2018) * China Banking Regulatory Commission (2003–2018), China Insurance Regulatory Commission (2003–2018), China Banking and Insurance Regulatory Commission (2018–2023), and Financial Stability and Development Committee ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
