Being late to the party but getting ahead of regulation can help build trust, according to the Financial Market Authority’s first director of banking and insurance.
Clare Bolingford, who has joined the FMA from the UK’s Financial Conduct Authority, to help bring forward a new conduct regime for banks, insurance firms and non bank deposit takers was speaking during FINSIA’s latest International Risk Webinar - The Art of the Possible.
“Although firms often see new regimes as a compliance challenge, which is completely understandable when new laws come in,” said Bolingford.