Bosses who put on a brave face: Martin Wheatley grimaces through FCA annual meeting “The AGM is my favourite time of year” – said no one ever, least of all outgoing Financial Conduct Authority (FCA) chief Martin Wheatley yesterday, who had to sit through the FCA’s annual meeting with a face like a smacked bottom. Wheatley, who has been booted out of the job by George Osborne, now joins [...]
FCA boss Martin Wheatley: Disappointed to be leaving with “unfinished business” Martin Wheatley, the FCA's chief executive who has been unceremoniously ousted by chancellor George Osborne has spoken of his upset at leaving while there is still “unfinished business”. Wheatley made his first public statement at the Financial Conduct Authority's annual public meeting this morning, just days after his shock departure was revealed on Friday. [...]
George Osborne aims to curry favour in the Square Mile with Martin Wheatley dismissal As the chancellor who introduced the banking levy back in 2011, George Osborne is not as popular in the City as he could be. But last week it looked like he may be trying to work his way back into bankers’ good books. On Friday, Martin Wheatley, chief executive of the Financial Conduct Authority [...]
Bungles and blunders: From the life insurance scandal to confusion over HSBC, here are Financial Conduct Authority boss Martin Wheatley’s worst moments July 17, 2015 As Financial Conduct Authority (FCA) chief executive Martin Wheatley takes his final bow, many in the City will be celebrating – after all, this is the man who famously promised to “shoot first and ask questions later” when it came to regulating the finance sector. Read more: George Osborne ousts Wheatley from the FCA [...]
George Osborne ousts Martin Wheatley from FCA July 17, 2015 Martin Wheatley, the man who famously said he would "shoot first and ask questions later" as he launched the Financial Conduct Authority (FCA), has been ousted by chancellor George Osborne. Wheatley, who will leave on 12 September, jumped before he was pushed: City A.M understands he resigned after learning Osborne had decided not to [...]
FCA watchdog Martin Wheatley: I am not hunting for bankers’ scalps May 28, 2015 Top watchdog Martin Wheatley yesterday denied he wants to “put heads on sticks” or to go “scalp hunting” in his campaign to make banks and managers more accountable. In a firm defence of the plan to make bosses of failed banks prove they took reasonable steps to mitigate risks, the Financial Conduct Authority (FCA) chief [...]
Martin Wheatley says FCA was not informed of HSBC tax allegations February 10, 2015 The Financial Conduct Authority (FCA) did not know about the HSBC tax allegations until media reports released details on Sunday, according to the watchdog's chief executive. Earlier today, Martin Wheatley told the Commons Treasury Select Committee that no formal information regarding claims of tax evasion was passed on to the body. "I am [...]
Top FCA watchdog Martin Wheatley: I regret saying we must shoot first and ask questions later January 27, 2015 The City watchdog’s boss admitted yesterday that his “shoot first, ask questions later” description of the Financial Conduct Authority was too aggressive, and that the body is trying to find a better balance with businesses. Martin Wheatley told MPs that he had been trying to establish the FCA’s reputation in 2012 and to tell firms [...]
FCA boss Martin Wheatley is right to say sorry at last – Editor’s Letter January 27, 2015 Martin Wheatley evokes a lot of hostility, rather than respect, from many of the senior figures in the London’s financial community. A few months ago one chief executive pulled me aside and blamed the City’s top regulator for costing London the flotation of Alibaba, the giant Chinese internet group. Wheatley’s crime, I was told, was [...]
FCA chiefs Martin Wheatley and David Lawton cling on despite damning Davis report on insurance market fiasco December 10, 2014 City watchdog Martin Wheatley came in for criticism yesterday as the £3.8m Davis report on the regulator’s handling of media briefings was released to the public. The Financial Conduct Authority’s (FCA) chief executive will forgo his bonus for 2013-14 as a result of the findings, as will David Lawton, director of markets, Zitah McMillan, director [...]