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Liam Mason adds to his extensive FMA CV with role vacated by Nick Kynoch.
A Financial Markets Authority stalwart has been appointed the market regulator’s general counsel, replacing Nick Kynoch.
FMA director of regulation Liam Mason, who has worked at the FMA since its
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FMA appoints Liam Mason as General Counsel
The Financial Markets Authority – Te Mana Tātai Hokohoko (FMA) has appointed Liam Mason as General Counsel.
Rob Everett, FMA Chief Executive, said Mr Mason brings deep experience and institutional knowledge to this critical role, having worked at the FMA since its establishment in 2011.
“As General Counsel, Liam will advise the FMA executive and board, and lead the enforcement, policy and governance, corporate legal, and investigations teams. He is a key adviser on a broad range of matters relating to the FMA’s remit and he continues to be an invaluable part of our leadership team,” Mr Everett said.
Larissa Vaughan, chief executive of Kiwi Insurance, said the move to stop selling credit card repayment insurance was part of a product simplification project at the bank. “We will communicate with our existing customers in the coming months regarding the decision and will honour our obligations to our existing policyholders,” she said. People with cover could keep it, if they wanted, but after April, anytime a customer switched to a new credit card, they would lose the cover. In March last year, Kiwibank said it was no longer actively marketing the insurance, and staff were not incentivised to sell it. It said it had made changes to its cover credit card repayment insurance in 2019 to increase the number of claims that were accepted.