Former FMA chair Craig Stobo standing for NZ First in Luxon's Botany electorate
Craig Stobo, the former chair of the Financial Markets Authority, is running as a candidate for the NZ First party in Prime Minister Christopher Luxon's Botany electorate. Stobo previously resigned from his regulatory role following a controversy regarding his political neutrality.
Why it matters
The candidacy highlights the intersection of former public service officials and partisan politics in New Zealand's electoral landscape.
The former boss of the financial markets regulator Craig Stobo who resigned after breaching standards of political neutrality is standing as a candidate for New Zealand First in the Prime Minister's electorate.
Stobo, the former Financial Markets Authority chair, resigned after a review into his conduct.
His public submission and remarks on the Treaty Principles Bill were found to be complimentary of the government, critical of the opposition and in breach of public service requirements to be impartial .
NZ First confirmed on Friday Stobo would stand in the Botany electorate - Prime Minister Christopher Luxon's seat.
Stobo said his candidacy offered him the chance to speak freely.
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