New conduct regime for banks, insurers and NBDTs announced
On 25 September the Government announced wide-ranging legislative reforms to govern the conduct of financial institutions.
Is unfair risk allocation really to blame?
The purpose of this article is to test whether the current state of the industry has primarily resulted from a collective failure to fairly allocate risk, or whether other factors are also culpable to a greater or lesser degree.
Publication Data protection and real-time bidding technology: Is a crackdown by regulatory authorit
In July the Information Commissioner's Office released its report into real-time bidding and ad technologies.
New immigration rules: A streamlined process or more red tape?
On 17 September, the Government announced significant changes to temporary work visas which will have a major impact on employers' recruitment processes where they hire migrant workers.
Court of Appeal allows opt-out class actions
In a landmark decision for class actions in New Zealand, the Court of Appeal has ruled that a representative action brought by two Christchurch homeowners can proceed on an “opt-out” basis.
Report sets out 10-year vision for New Zealand’s capital markets
Yesterday the steering committee of Capital Markets 2029 released its final report. The review had been initiated earlier this year by NZX and the Financial Markets Authority – with the objective of delivering a ten-year vision and growth agenda for the sector.
The meaning and contestability of fair risk allocation in commercial contracting
This article focuses on fair risk allocation in the New Zealand construction industry.
Derivatives Margin Bill is passed
The Financial Markets (Derivatives Margin and Benchmarking) Reform Amendment Bill has proceeded through its remaining stages and received its third reading on 27 August.
Financial market infrastructures law one step closer to reality
On 1 August the Reserve Bank of New Zealand released an exposure draft of the Financial Market Infrastructures Bill.
Privacy Bill faces clear path to law after second reading
A bill to modernise New Zealand’s privacy laws has finally concluded a protracted second reading and is now all but sure to be voted through to the final stage and pass into law without any major hurdles.