Editorial: Who's Watching the Watchdog? Cloud over FMA Chair Undermines Trust

Editorial: Who's watching the watchdog? Cloud over FMA chair undermines trust

THE FACTS The shock news that Financial Markets Authority chair Craig Stobo is under investigation into unspecified matters couldn’t come at a worse time for...

MBIE investigating 'matters that have been raised' about FMA Chairman Craig Stobo

FMA Chairman Craig Stobo temporarily steps down while MBIE investigates matters raised about him

FMA Chair Temporarily Steps Aside

The Ministry of Business, Innovation and Employment says it has commenced an investigation “into matters that have been raised” about Financial Markets Authority Chair Craig Stobo. MBIE says in a short statement that Stobo “…has agreed to temporarily step aside as FMA Chair while the investigation is undertaken. He will also step aside from his other Crown governance and advisory responsibilities.” Craig Stobo The ministry says that it will be l…