Alan Burton, outgoing Chairman of the Investment Management Association, today called on the financial services industry to take action to regain investor confidence and not wait for the equity markets or the regulator to solve its problem.
Speaking at the Annual Dinner of the Association, he said, “We need, as an industry, to accept blame where blame is due and not just moan or accept the state of affairs passively… If we focus on running our businesses on clear principles and guidelines which are in the interests of all our stakeholders then they all prosper.”