Key Relationships

A key purpose of NZFMA is to conduct a comprehensive policy dialogue with Governments agencies, and with regulatory authorities on public policy issues, which affect the performance of wholesale banking and financial markets in New Zealand.
 
NZFMA provides a forum for members to discuss and develop their views on policy issues and to present them to government in a well-considered and constructive way.
 
Key relationships are:

• Reserve Bank of New Zealand (RBNZ)
• Securities Commission
• The Treasury;
• Ministry of Economic Development (MED)
• Commerce Commission
• INFINZ
• Australian Financial Markets Association (AFMA)
• Australian Prudential and Regulation Authority (APRA);
• Australian Securities and Investments Commission (ASIC);
• New Zealand Internal Revenue Department (IRD)
• New Zealand Debt Management Office (NZDMO);
• Statistics New Zealand
• New Zealand Stock Exchange (NZX); and
• Australian Stock Exchange (ASX and SFE).

These important working relationships are maintained through a communications program, which aims to ensure that NZFMA members are kept aware of and have the opportunity to comment on government policy development.  These key relationships also ensure that government ministers, policy departments and regulators are well aware of the views of NZFMA members on the impact of existing and proposed regulation on the wholesale banking and financial markets.
 
NZFMA policy positions are developed through consultation with members via Committees and working groups and are guided and approved by the Board of Directors.
 
NZFMA views on significant policy issues are often conveyed through formal submissions.