Briefs: FMA pings derivatives issuer, new fossil fuels financing report 25 March 2021 5:56AM Banking Day staff Briefs, Finance regulation The New Zealand Financial Markets Authority (FMA) has told licensed derivatives issuer Rockfort Markets to remove or amend misleading statements it has been making on social media channels and website. The FMA says the advertising “created the impression that trading in derivatives was ‘safe’ [when] in fact, trading in derivatives, and in particular CFDs (contracts for difference) offered by Rockfort as a DI, is inherently risky”. The Rainforest Action Network has released a new report adding up financing (lending, and underwriting of debt and equity issuances) from the world’s 60 biggest banks for the fossil fuel sector as a whole, as well as for top expanders of the fossil fuel industry and top companies in specific sectors.