Financial Integrity System Assessment (FISA) Articles

Financial Integrity System Assessment to Launch in June and July

3 June 2019

Transparency International New Zealand (TINZ)  will roll out its Financial Integrity System Assessment (FISA) in June and July 2019. It is the first ever review of the integrity framework of any country’s financial system. TINZ will lead the review as it is uniquely placed to ensure both independence and objectivity.

The FISA methodology is in its final stage of consultation.

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Building public trust in our financial systems

7 May 2019

Henry Lynch

Henry Lynch

TINZ Director: Financial Sector

This month, a Consumer New Zealand survey, found that only 47% of people surveyed said banks can be trusted and only 35% think banks have their best interests at heart.

It’s not surprising then that about 70% of New Zealanders agree that banks need to be monitored more closely to protect consumers from irresponsible practices.

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Financial Integrity System Assessment Overview

7 May 2019

Suzanne Snively

Chair, Transparency International New Zealand

The New Zealand Financial Integrity System Assessment (FISA) is the first ever review of the integrity framework of any country’s financial system. Transparency International New Zealand (TINZ) will lead the review as it is uniquely placed to ensure both independence and objectivity.

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Coming Events

5 April 2019

Watch out for:

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Coming Events

14 March 2019

Watch out for:

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NZX slamed for lack of transparency

7 August 2018

As a followup to her July Transparency Times article NZX needs transparency and modernisation to support New Zealand’s future TINZ Chair Suzanne Snively was interviewed by the National Business Review. The resulting article is titled Corruption watchdog slams NZX for lack of transparency (N.B. the paywall can be by-passed by one-time registration for free limited weekly access).

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Suzanne Snively ONZM Chair Transparency International New Zealand

NZX needs transparency and modernisation to support New Zealand’s future

14 July 2018

Suzanne Snively ONZM
Chair
Transparency International New Zealand

The New Zealand Stock Exchange (NZX) seems to regard initiatives aimed at enhancing its culture or that of its members, as a low priority. This inactivity and the lack of transparency may be stifling the availability of quality equity capital in New Zealand.

The NZX is not keeping up with the pace of transparency and access compared with exchanges around the world and other segments of New Zealand business and government.

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2017 New Zealand Financial Integrity System Assessment

11 October 2017

Deadline for wider formative consultation
extended to 19 April 2017

Transparency International New Zealand’s (TINZ) 2017 New Zealand Finance Integrity System Assessment (FISA) is the first ever review of the integrity systems of any country's financial system. It covers the Reserve Bank of New Zealand (RBNZ), the Financial Markets Authority (FMA), the Commerce Commission, the Department of Internal Affairs (DIA),

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Global Forex code adopted by RBNZ and FMA

28 May 2017

The Foreign Exchange (FX) Global Code (Global Code) is a set of global principles of good practice in the foreign exchange market, developed to provide a common set of guidelines to promote the integrity and effective functioning of the wholesale foreign exchange market. It was developed by a partnership between central banks and Market Participants from 16 jurisdictions around the globe.

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International Monetary Fund’s 2016 Financial Sector Assessment Program (FSAP) review of New Zealand

28 May 2017

In 2016, the International Monetary Fund (IMF) conducted a Financial Sector Assessment Program (FSAP) of New Zealand’s financial system. While the FSAP assessment is centred on different things from Transparency International New Zealand’s Financial Integrity System Assessment (FISA), the FSAP assessment provides an important context for the evidence that will be collected for the FISA.

The FSAP team was led by the IMF’s Alejandro López Mejía.

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