About us

The Council of Financial Regulators (CoFR) – Kaunihera Kaiwhakarite Ahumoni – contributes to maximising New Zealand’s sustainable, economic wellbeing through effective and responsive regulation of the financial system in New Zealand. It is made up of five agencies:

  • Financial Markets Authority
  • Reserve Bank of New Zealand
  • Commerce Commission New Zealand
  • Ministry of Business, Innovation and Employment
  • The Treasury

CoFR’s FinTech work is coordinated by the Financial Markets Authority (FMA) as the lead agency.

The FinTech forum also includes the Department of Internal Affairs (DIA).

Financial Markets Authority (FMA)

The Financial Markets Authority (FMA) is the New Zealand government agency responsible for enforcing securities, financial reporting and company law as they apply to financial services and securities markets.

We also regulate securities exchanges, financial advice providers and client money or property services, auditors, trustees and issuers – including issuers of KiwiSaver and superannuation schemes. We jointly oversee designated settlement systems in New Zealand, with the Reserve Bank of New Zealand (RBNZ).


Reserve Bank of New Zealand (RBNZ)

The Reserve Bank of New Zealand is New Zealand’s central bank. We promote a sound and dynamic monetary and financial system. We work towards our purpose, vision and values by

  • Operating monetary policy to achieve and maintain price stability and support maximum sustainable employment
  • Assisting the functioning of a sound and efficient financial system
  • Meeting the currency needs of the public
  • Overseeing and operating effective payment systems
  • Providing effective support services to the Bank


Commerce Commission New Zealand

The Commerce Commission is New Zealand’s competition, consumer and regulatory agency. We are responsible for enforcing laws relating to competition, fair trading, and consumer credit contracts, and have regulatory responsibilities in the electricity lines, gas pipelines, telecommunications, dairy and airport sectors.

Our overarching goal is to make New Zealanders better off. We aim to do this by playing our part in ensuring markets work well and consumers and businesses are confident participants in those markets.


Ministry of Business, Innovation and Employment (MBIE)

Everything we do at MBIE is about growing New Zealand for all. ‘Grow’ relates to economic performance. To achieve the standard of living and quality of life for today and for future generations we need a well-performing economy through productive and sustainable use of resources across New Zealand.

‘For all’ means all people have an opportunity to participate in and benefit from the economy


The Treasury

We are the Government’s lead economic and financial adviser. We provide advice to the Government on its overarching economic framework, on its fiscal strategy and on achieving value for money from its investments.

We implement government decisions and are also responsible for the Financial Statements of the Government, for ensuring effective management of the assets and liabilities on the Crown’s balance sheet and for publishing economic and fiscal forecasts.


Department of Internal Affairs

The Department of Internal Affairs serves and connects people, communities and government to build a safe, prosperous and respected nation.

We are committed to maintaining and improving all the regulatory regimes we have responsibility for, using a regulatory stewardship approach.



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