Financial Services and Payment Systems Regulation and Reform, Neo-banks & Digital Platforms

Are you ready for the big changes happening in New Zealand’s financial sector Take a close look at the implications of Financial Services Conduct Regulation (COFI), Customer and Product Data Bill, and the Retail Payment System Act, focusing on how to stay compliant, the implications of the myriad of regulation and legislative reform plus finding the new opportunities. You’ll also explore the latest developments in payment systems, neo-banks, and digital platforms, and the use of AI in digital platformsAll in just a half day.

Friday, 17 January 2025
Description

* This interactive online recording includes questions and quizzes requiring critical thinking about the topics, so you have no annual limits to the number of points/hours you can claim with this format of learning. Please verify with your CPD rules 

*Original Content was created in November 2024 

Chair:

Amanda Halfacree, Head of Financial and Professional Risks, Gallagher Insurance New Zealand

What's New in New Zealand's Financial Services Regulation

 

  • Financial Services Conduct Regulation (Financial Markets (Conduct of Institutions) Amendment Act 2022 (COFI))   

Presented by Jane Brown, Head of Insurance, New Zealand Financial Markets Authority

Advancements in Payment Systems

 

  • Progress of the Customer and Product Data Bill
  • Payments NZ’s further development of the API Centre framework following clearance from the Commerce Commission
  • Retail Payment System Act: Possible designation of the interbank payment network and developments in treatment of surcharging
  • Recent changes to AML regulation and the impact on payments 

Presented by Andrew Dentice, Partner, Hudson Gavin Martin

Neo-banks and Digital Platforms

 

  • Alternative models for deposit-taking
  • New lending models
  • Role of AI
  • Cross-border issues 

Presented by Jeremy Muir, Partner, MinterEllisonRuddWatts

Attend and earn 3 CPD hours
Learning objectives:

 

  • Understand the newest regulatory updates in New Zealand's financial services concerning COFI 
  • Delve into advancements in payment systems, such as the API Centre framework, interbank payment network designations, and recent AML regulation changes  
  • Examine emerging trends in neo-banks and digital platforms, covering alternative deposit-taking models, innovative lending approaches, the role of AI, and cross-border issues 

 

Presenters


Jane Brown, Head of Insurance, New Zealand Financial Markets Authority
Jane joined the FMA as Head of Insurance in October 2023 and is currently focussed on ensuring entities are prepared for start of the Conduct of Institutions regime in April 2025. Prior to joining the FMA, she spent six years as General Counsel for the Insurance Council of New Zealand and in 2022 was named an Insurance Business Rising Star. Jane started her insurance career as legal officer for local government insurer, Civic Assurance where her focus was on professional indemnity and public liability cover. Jane has a Master of Laws and a BA, and is an ANZIIF Senior Associate.


Amanda Halfacree, Head of Financial and Professional Risks, Gallagher Insurance New Zealand
Amanda has worked in the Insurance industry for over 17 years and has specialised in liability lines for most of the last 15. She started her career in New Zealand as a broker at Marsh before moving into underwriting at AIG New Zealand, AIG Australia and CGU Australia. Seven years ago she returned to New Zealand and to broking with Crombie Lockwood’s specialist Financial And Professional Risks team (FINPRO). She has managed both large and small teams for over 10 years and currently holds a national role as Deputy Head of FINPRO as well as heading the Wellington Corporate team. Amanda was recognised as the Women in Insurance “Broker” of the year in 2020.


Andrew Dentice, Partner, Hudson Gavin Martin
Specialising in technology, data and commercial law, Andrew works with all sizes of clients (challengers and incumbents, customers and providers) at the cutting-edge of innovation. He is an expert in technology transactions, data protection and commercialisation, and regulatory issues applying to technology products and services. With technology developing faster than traditional legal frameworks, clients turn to Andrew for his specialist expertise in areas like fintech, crypto assets, SaaS and platform business models. Andrew relishes situations where complex regulation meets new technology and working with clients to navigate a way through those challenges. Andrew spent time in the UK on the client side with Barclays Bank. He’s Co-Chair of FinTech NZ (the industry body for financial technology in New Zealand) and is regularly asked to present on technology, data and commercial law matters both in New Zealand and overseas. Andrew is recognised as a ‘Next Generation Lawyer’ by The Legal 500, where he is praised as being "a standout commercial and technology lawyer with exceptional market knowledge.


Jeremy Muir, Partner, MinterEllisonRuddWatts
Jeremy heads the national Banking & Financial Services division at MinterEllisonRuddWatts. He specialises in funds, financial regulation, fintech and crypocurrency/blockchain innovation. In the cryptocurrency space, he acts for many of the key New Zealand industry participants and has recently been appointed as a special advisor to Parliament’s Finance & Expenditure Committee for their ongoing review of the area.

INT2411NZA06

Financial Services and Payment Systems Regulation and Reform, Neo-banks & Digital Platforms

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DELIVERY MODE BELOW

Single Session
Friday, 17 January 2025
to New Zealand
CPD Hours 3
$345.00
$241.50
Online 20250403 20250117

Interactive On Demand

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Claim uncapped CPD units from this interactive program.

*Check your rules on interactive recordings.
On Demand 20250403 20250117

Interactive On Demand

Register
Claim uncapped CPD units from this interactive program.

*Check your rules on interactive recordings.