FMA chairman Craig Stobo resigns after KC finds he made inappropriate political comments
The review cleared him of relationship and travel allegations but found his public political commentary breached the neutrality expected of the regulator's chair.
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6 Articles
FMA chair Craig Stobo resigns following investigation - NBR | Business news & analysis | Independent, ad-free reporting
The chair of the Financial Markets Authority has resigned following a six-month independent review of his conduct. Last December, the Ministry of Business (Mbie) said that Craig Stobo had temporarily stepped aside as FMA chair while the agency started an investigation into matters that had been raised.
FMA chair resigns after review clears relationship claims but sparks culture concerns
The chair of the Financial Markets Authority, Craig Stobo, has resigned after Commerce and Consumer Affairs Minister Cameron Brewer accepted his departure following an independent review into his conduct. The inquiry, led by Wendy Aldred KC, found no evidence of an inappropriate relationship between Stobo and a former staff member, but concluded some of his public comments failed to meet the standards of political neutrality expected of the role…
Minister acknowledges resignation of FMA Chair
Commerce and Consumer Affairs Minister Cameron Brewer has accepted Financial Markets Authority (FMA) Chair Craig Stobo’s offer of resignation, following the completion of an independent review into his conduct. “Mr Stobo agrees that it is important the FMA remains fully focused on its core regulatory role and continues to command the confidence of Ministers, regulated entities and stakeholders,” Mr Brewer says. The independent review, undertaken…
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