Just meeting standards isn't enough: Everett
Rob Everett addressed members of the industry at the FMA’s quarterly update event last week.
He said he did not want “threshold compliance”, where players would work to meet minimum requirements – but nothing beyond that. “The bare minimum is very rarely enough.”
He said he also did not want to see a culture of permissiveness, where if something was not specifically prohibited, or if a sneaky way could be found around the rules, participants would think it was okay. “It isn’t.”
Everett said every industry player should strive for the best possible outcome and there should be no tolerance for those doing deliberate or reckless harm. “We need to convince investors and customers that we are clean and open and focused on providing real service.”
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