The New Zealand Financial Markets Authority (FMA) has published findings from its operational resilience thematic review, drawing on sector surveys of peer-to-peer lending platforms and crowdfunding service providers. The surveys, conducted on a voluntary basis between 9 and 30 September 2025, were designed to assess overall operational resilience maturity, deepen the FMA’s understanding of risks and potential harm from resilience weaknesses, and support continuous improvement. Separate reports for the peer-to-peer lending and crowdfunding sectors set out observed strengths, areas for improvement, and practical recommendations, aligning with the operational resilience focus flagged in the FMA’s 2025 Financial Conduct Report.