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Does the Minister agree with Economist Michael Reddell that, with respect the outgoing Chair of the Financial Markets Authority (FMA) Mr. Stobo, "it is almost beyond belief that the chair of the FMA was director of a mortgage company, which was using his name and FMA title in their marketing"?

Answered Question 18744 (2026)
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Asked by

Arena Williams

Member for Manurewa · Labour Party

Question

  • Does the Minister agree with Economist Michael Reddell that, with respect the outgoing Chair of the Financial Markets Authority (FMA) Mr. Stobo, "it is almost beyond belief that the chair of the FMA was director of a mortgage company, which was using his name and FMA title in their marketing"?

Answered by

Cameron Brewer

Member for Upper Harbour · National Party · Minister of Commerce and Consumer Affairs

Answer

This is a question for the FMA. However, board members of Crown entities must comply with the Code of Conduct for Crown Entity Board Members.