The New Zealand Financial Markets Authority (FMA) has released a report from its operational resilience thematic review setting out findings and insights for the peer-to-peer lending sector, including strengths, areas for improvement and practical recommendations. The report draws on a survey of the peer-to-peer lending sector conducted between 9 and 30 September 2025. The survey forms part of a wider series of voluntary surveys aimed at assessing operational resilience maturity, deepening the FMA’s understanding of risks and potential harm arising from weaknesses in operational resilience, and supporting continuous improvement in line with the regulatory priority set out in the 2025 Financial Conduct Report.