External party brought into FMA amid multiple concerns raised with Chief Victim Adviser

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Financial Markets Authority chief executive Samantha Barrass is on leave, as workplace culture concerns are investigated. Photo / Dean Purcell

An external party is being helicoptered into the Financial Markets Authority, as concerns over workplace culture issues have seen its chief executive take leave and a board member temporarily fill the role.

A spokesperson for the Ministry of Business, Innovation and Employment (MBIE) says it is “engaging with the FMA

MBIE is getting involved, as it is the agency tasked with monitoring the FMA, the country’s financial markets regulator.