Moffatt leaves FMA

FMA enforcement boss Belinda Moffatt is leaving the regulator.

Monday, August 3rd 2015, 2:10PM

She has been at the helm of the enforcement team for three-and-a-half years.

Moffat joined the FMA in March 2012, in the establishment phase of the new regulator, with a mandate to complete the finance company investigations and build the FMA’s enforcement capability.

The legacy finance company investigations are now complete and a wide range of enforcement activities have been undertaken under Moffat’s leadership, across a range of financial services issues.

The increased range of regulatory actions illustrates the significant broadening of the FMA’s remit under the Financial Market’s Conduct Act and the increased range of powers and regulatory tools now available to the conduct regulator.

As the FMA transitions into the FMC Act environment, Moffat has decided that this is the right time for her to take on a new challenge outside the FMA, and will finish her role in September.

Paul O’Neil will become acting director of enforcement and investigations, reporting to chief executive, Rob Everett.

Everett and the FMA Board said they wanted to acknowledge the significant contribution and leadership role that Moffatt had played in the FMA’s establishment years.

Tags: FMA