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An early indication from the IMF’s review of our work has been positive. Coupled with industry feedback on our SRO, it reinforces that the breadth and variety of topics and sectors we are active in, or are considering, is about right. This is energising and challenging for us and, I suspect, for you.
We are conscious the FMA is not the only game in town as many of you are also dealing with regulatory requirements and burden from other parts of NZ or the global environment. With the recent flurry of FMA activity, we appreciate that we are adding to that challenge but I hope that what we’re producing adds value. I am sure you will tell us if not.
Right now we are working out how to prioritise our human and financial resources across the sectors we regulate (eg, though licensing or by enforcing the law).
Developing our ability to assess the risks to our objectives and to respond effectively to those risks is what this next period for us is all about. We plan to be as transparent as possible about the risks we see, what we plan to do to counteract them and how we will measure our success in doing so.
We look forward to engaging with you on all of that.
Rob Everett
Chief Executive
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