Credit: Supplied
The Financial Markets Authority has completed a review of the NZX’s technology capabilities and found it has complied with its obligations.
After the share market operator suffered a highly disruptive denial of service attack in 2020 the regulator found it had failed to meet its licensed market operator obligations due to insufficient technology resources.
The attack was described as “foreseeable” while the NZX’s crisis management planning and procedures were described as “basic”.
The market regulator undertook a review of the NZX’s technology capabilities across its people, processes, and platforms and the NZX subsequently developed and worked through an action plan to address the findings of that review.
The FMA reported today it had met with and received reporting from the NZX during the latest review period regarding its continued technology uplift since the initial action plan…
