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Governing bodies Financial Markets Authority The Financial Markets Authority (FMA) was previously known as the Securities Commission. The latter was a Crown Entity of the government and was mainly in charge of regulating investments. In April 2010, it was announced that a new financial regulator.
The first peak is represented by the FMA, whereas the second one is the Reserve Bank of New Zealand who has all prudential power over the countrys banking sector. The FMA is a government agency responsible for overseeing all financial regulations within a wide range.
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