Home Markets Rob Everett’s tough love in a tough job

Rob Everett’s tough love in a tough job

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Finance

The Financial Markets Authority boss has left the job after seven years spent cajoling recalcitrant banking and finance executives into behaving better towards their customers. Business editor Nikki Mandow looks at the tough job of being a regulator and what still needs to be done to keep the financial services sector honest.

You don’t have to look far to see why being a regulator isn’t a job for the fainthearted.

“Why regulators think it’s OK to treat businesses like morons,” says an Australian Financial Review article about Australian Competition and Consumer Commission boss Rod Sims, actually a pretty well-regarded regulator.

“Greedy banks and feeble regulators,” the same paper headlined a…

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