16th Annual Financial Markets Law Conference

INTEGRITY, EXCELLENCE AND COMPLIANCE WITHIN NZ’S FINANCIAL MARKETS

22 Oct 2020Aotea Centre, Auckland
Event Details

Agenda

9.00
Opening remarks from the Chair
David Ireland, Partner , Dentons Kensington Swan
ADAPTING TO THE NEW AGE OF FINANCIAL MARKET REGULATIONS
9.10
RBNZ Address: Working with financial institutions to develop culture, strengthen resilience and support economic recovery
  • RBNZ's strategic priorities – financial system focus, growth and transformation
  • Regulatory initiatives – what matters most post Covid-19
  • Sustainable recovery and strategies to support: Climate risk, financial inclusion and role of institutions.
Simone Robbers, Assistant Governor - GM Governance, Strategy & Corporate Relations, Reserve Bank of New Zealand
9.45
FMA Address: Strengthening the integrity of NZ’s financial markets
  • FMA’s priorities post Covid-19
  • Financial Institution conduct expectations - customer needs in changing times
  • New Financial Advice laws – update on FSLAA transition and obligations
  • The future for conduct?  Conduct of Institutions legislation update
Liam Mason, Director of Regulation, Financial Markets Authority
10.30
Morning break
10.50
Case study: sharing compulsorily obtained information

This case study aims to examine the competing arguments considered when the FMA chose to share compulsorily obtained information. Discussion of the High Court, Court of Appeal and Supreme Court decisions in ANZ Bank New Zealand Ltd v Financial Markets Authority.

Michael Heron, Queen's Counsel
11.20
NZX Address: Revitalising our capital market
  • Review of NZ’s capital markets and plans to increase participation of firms and investors in our financial markets
  • Growing New Zealand’s Capital Markets 2029
Mark Peterson, Chief Executive Officer, NZX
11.50
Panel: Developing NZ’s financial markets
  • Growth rate in NZ’s financial markets are below par compared to other OECD countries. How can we accelerate growth?
  • What regulations are in place to promote growth?
  • Review of the KiwiSaver default provider arrangements: How much impact will the new balanced default funds setting have in our financial markets and how much can the providers afford to lower fees?
  • How much impact have COVID-19 made to the financial markets and how can we recover from it? What opportunities lie post COVID-19?
Sam Stubbs, Chief Executive Officer, Simplicity
Simeon Burnett, CEO/Co-Founder, Snowball Effect
12.35
Lunch break
1.25
Codes of conduct and ‘serving to the best interest of the customer’
  • Roadmap for good conduct in financial services leading up to the Financial Markets (Conduct of Institutions) Amendment Bill (CoFI)
  • Exploring the difference in duty to comply with institutions vs intermediaries
  • Discussing the difference in conduct for ‘financial advice’ vs ‘no advice’ models
  • The role of the Code of Professional Conduct for Financial Advice Services and how disclosure has been shaped until today
Jeremy Muir, Partner , MinterEllison RuddWatts
2.05
Financial complaints round-up and resolution

Complaints to FSCL about financial advisers are on the rise. Is there a reason for this? What was the underlying cause of complaints and how did FSCL respond to these cases?

Susan Taylor , Chief Executive Officer, Financial Services Complaints ltd
2.45
Panel: Challenges in adapting to a wave of regulations

After a lengthy period of introductions of many new regulations in the financial markets, this panel aims to share experiences, lessons learnt and opinions on how the transition is working out and ways it could have been done better. It also addresses whether these regulations are effective or hindering the service to the customers in the financial markets.

Katrina Shanks, Chief Executive Officer, Financial Advice NZ
Catriona Grover, Partner, Dentons Kensington Swan
Daniel Kalman, General Counsel, HSBC NZ
3.30
Afternoon break
FUTURE PATHWAYS OF NZ’S FINANCIAL MARKETS
3.50
Rise of ESG – changing the way our customers wish to invest
  • Sustainable finance forum report 2019: Climate change as a business imperative.
  • Key aspects of climate change that influence customers’ investment decisions
  • Social license to operate, corporate climate change strategy and TCFD reporting: How they benefit your organisation
Pip Best, Climate Change and Sustainability Services, NZ Leader, Ernst & Young NZ
4.30
Working with robots in finance
  • What have we learned as a business from using a digital advice tool as a distribution channel?
  • What are the differences between humans and robots when it comes to legal and regulatory risk?
  • Breaking away from paper based regulatory disclosure
Simon Haines, General Counsel, Nikko Asset Management NZ
5:00
Privacy Act reform and its effect on the financial markets
  • Current developments on the newly proposed Privacy Bill
  • How does our new Privacy Bill compare to the Europe’s General Data Protection Regulation (GDPR)?
  • How the Privacy Bill will affect organisations in the financial markets
Emma Dale, Senior Associate, Chapman Tripp
5.30
Closing remarks from the Chair & Networking Drinks
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