FMA board hires KC to investigate outgoing chief executive
The new investigation into Samantha Barrass is separate from a MBIE review into the authority.
The Financial Markets Authority (FMA) board has initiated a new investigation led by Paul Wicks KC into the outgoing chief executive, Samantha Barrass. This probe is separate from the ongoing conduct and culture review by the Ministry of Business, Innovation and Employment (MBIE). No findings have been made yet, as the investigation is still in its early stages for privacy reasons.
Barrass had already announced her departure and took leave following the board's awareness of cultural concerns at the FMA in July. The Shareholders Association had previously expressed concerns about systemic cultural issues at the regulator.
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