[The Wrap] FSC should take a position on CoFI

In a rather impassioned update speech at the recent Financial Services Council conference, chief executive Richard Klipin announced the organisation was turning itself into a lobby group.

He noted FSC had “not been a policy shop” in recent years, but the time had come for change.

The FSC, he said, “needs to lead.”

And in more grandiose terms he described the change as “a nation building project.”