Stuff: I don’t see regulatory failure – Foss

Commerce Minister Craig Foss denies the Ross Asset Management collapse has exposed regulatory failures, with no plans in motion to modify legislation he says is key to building confidence in financial markets.

In an interview Foss, a former investment banker with Credit Suisse, said accountants or other advisers working for Ross’ clients had time to ask questions of how the company was being managed, if the regulator couldn’t.

Read the Story …