15th Financial Markets Law Conference
Operationalising conduct and embracing new technologies in NZ’s Financial Markets
- Exploring the current state of the market and the biggest challenges to New Zealand’s capital markets
- Reviewing NZX initiatives to foster market development
- Outlook for the future in light of Capital Markets 2029
- Learning the new framework for more meaningful disclosure requirements in relation to the provision of financial advice
- Being aware of the requirements for transitioning to a full license
- Adapting to new requirements of registration
- Latest reviews on the conduct of the banking and insurance sectors
- Guidance on demonstrating good conduct
- Updates on the Financial Services Legislation Amendment Act
- Understanding the four elements of managing conduct and culture
- Formulating a solid plan to address the feedback from the FMA and RBNZ
- Best practice in measuring customer outcomes and reporting conduct
- Changes implemented on the incentive programmes
The Financial Advice Code Working Group has developed and consulted on the new draft Code of Conduct for Financial Advice Services. The draft Code is divided into two parts. Part 1 covers standards of ethical behaviour, conduct and client care. Part 2 covers standards of competence, knowledge and skill. This panel will cover the changes compared with the previous Code of Conduct and the new requirements of professional conduct.
This session looks at recent financial complaints made to FSCL, the issues raised by the complaints, and the reasons why some complaints were upheld, while other complaints were not upheld.
- What are the biggest challenges to the stability of New Zealand financial markets?
- How are the regulations in place working to fend off the risks and ensure a sound and secure capital market?
- What are the financial impacts of misconduct on the banking and financial services industry in New Zealand?
- What does open banking mean for New Zealand?
- What can we learn from other market leaders in open banking: eg UK, Australia?
- What can be envisaged next for the development of open banking?
- Lessons learnt from foreign counterparts in regulating cryptocurrency
- What stance does New Zealand regulator adopt in dealing with cryptocurrency?
- What kind of legal framework is envisaged to regulate cryptocurrency?
- How can we manage risks arising from cryptocurrency fraud?
- What has been done by New Zealand regulators to strengthen the legal framework in order to ensure a secure financial environment?
- Identifying the biggest threats to data security at financial institutions
- Learning the key changes in New Zealand’s new Privacy Bill 2018 and its implications on the financial sector
- What can New Zealand regulators learn from GDPR and NDB amendment?
FMA has given green light to some financial providers in offering robo-advice to customers.
1. Nikko Asset Management
- How is robo-advice system working so far? How is it received by customers?
- What are the obstacles and challenges in including the digital personalised advice system?
- What are the implications of the adoption of AI technology to the landscape of the financial services industry?
- Why was INVSTA created?
- Being in a start-up environment offering robo-advice solutions, what are the opportunities compared with an established institution? What have been the key challenges?
- How is fintech such as robo-advice disrupting the New Zealand financial services landscape? Where do you see the future going with fintech?