Martin Wheatley took the poisoned chalice the coalition gave him and drank deeply. But it was the Chancellor who caused his demise in the end. What could he have done to so offend Mr Osborne?
Outgoing Financial Conduct Authority (FCA) chief Martin Wheatley bust onto a strange UK regulatory scene in 2011, having left the Hong Kong financial regulator to head up something called the Consumer Protection and Markets Authority (CPMA). The CPMA was created by a shiny new coalition government - whose leaders stood around in a rose garden telling everyone what good BFFs (Best Friends Forever) they'll be - in response to the worst financial crisis since the 1930s brought on by a recklessness and basic stupidity of the financial sector. Before the CPMA became the Financial Conduct A...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
