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renamed
Financial Conduct Authority (FCA), is expected to be established by the end of 2012. About 3,000 people from the FSA, including virtually all the support functions, will go to the FCA, which will supervise markets, smaller brokers and advisers and will watch how financial institutions of all sizes treat their customers. It is expected to remain in Canary Wharf. The FCA will carry on two of the FSA’s biggest projects: the retail distribution review, which focuses on investment products and advice for retail customers, and the mortgage market review.
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enforcement. These included the conviction of Du Jun, a former Morgan
Stanley banker who was sentenced to seven years in prison. Among other things, the SFC won its first convictions and jail sentences for insider dealing and the first director disqualifications for listed company misconduct. He also
75:
as SFC chairman. Sheng had served in that position since 1998. Wheatley became Chief
Executive Officer of the SFC on 23 June 2006. Wheatley is a member of the Financial Stability Board Standing Committee on Standards Implementation, as well as the International Organization of Securities Commissions
106:
Wheatley announced his resignation in
December 2010, to be effective in mid-2011, roughly three months before the expiration of his contract. Wheatley's total compensation package in 2010 amounted to HK$ 9.09 million, including HK$ 7.2 million in basic salary, HK$ 1.35 million in discretionary pay,
102:
in
September 2008, the SFC secured more than HK$ 6.5bn (US$ 835m) in investor compensation from 20 banks and brokers seeking to settle allegations of mis-selling of Lehman-related structured products. Nevertheless, Wheatley was quoted as stating, "I had people marching on the streets with banners
46:
which resulted in the resignation of the LSE's chief executive Gavin Casey. Wheatley was also
Chairman of the FTSE International and sat on the Listing Authority Advisory Committee of the UK Financial Services Authority (FSA). In 2003, Wheatley earned a salary of £224,000 and a bonus of £318,000.
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In a separate announcement made by HM Treasury on the same day, Wheatley was also confirmed as the CEO designate of the
Consumer Protection and Markets Authority (CPMA), one of the two successor regulatory bodies that will be formed from the future division of the FSA. The CPMA, which was later
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The FSA on 2 February 2011 announced the appointment of
Wheatley as the new managing director of its Consumer and Markets Business Unit. The appointment is effective from 1 September 2011, and at that time he will also join the FSA Board.
88:'s attempt to buy out public shareholders in PCCW and take the company private again, describing the shareholder vote on the issue as marked by "malpractice and manipulation of voting"; the SFC won a case blocking the buyout on appeal.
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with photos of me on them saying go home, death of justice, disgrace. I had noise all day outside my office where they would camp with klaxons and drums. I had a funeral effigy of me burnt outside the office."
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approved by the
Treasury Select Committee. "The Government did not accept the case for a pre-appointment hearing with the Chief Executive, on the grounds of supposed market sensitivity."
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134:. Tracy McDermott took over from Wheatley at acting FCA chief in September 2015. The next permanent FCA chief executive was Andrew Bailey, who was appointed on 26 January 2016.
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for 18 years, including six years on its board. He rose to the position of deputy chief executive, and was closely involved with the failed merger with
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and HK$ 540,000 in retirement scheme contributions. He stated that he would return to Europe to take up a position with a regulatory agency there.
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76:(IOSCO) Technical Committee. Currently, Wheatley chairs the IOSCO Technical Committee Task Force on Short Selling.
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In July 2015, Wheatley resigned his post at the FCA following a "vote of no confidence" by the
Chancellor,
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is a British financier, formerly managing director of the Consumer and Markets Business Unit of the
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scandal led to protests by investors who did not receive compensation for their losses. Following
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411:"Appointment of John Griffith-Jones as Chair-designate of the Financial Conduct Authority"
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However, he was made redundant in February 2004; he was expected to receive a
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441:"City watchdog chief quits after George Osborne vote of no confidence"
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492:"Andrew Bailey appointed CEO of the Financial Conduct Authority"
313:"Burnt in effigy, Martin Wheatley has the steel to shake City"
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The appointment of Martin Wheatley to be CEO of the FCA was
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Wheatley's tenure at the SFC was marked by aggressive anti-
288:"Li's Blocked PCCW Buyout May Deter 'Share Splitting'"
157:"Martin Wheatley appointed as Hong Kong SFC chairman"
511:
466:"Tracey McDermott - Financial Conduct Authority"
332:"Europe job beckons as SFC chief calls it quits"
110:
438:
262:"Wheatley to head new UK consumer regulator"
286:Tang, Theresa; Lee, Mark (22 April 2009),
63:, the market regulator which oversees the
59:In June 2004, Wheatley joined Hong Kong's
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26:in the UK, and is the former CEO of the
393:"Caretaker head named to head FSA unit"
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420:. House of Commons Treasury Committee
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84:made waves with the SFC case against
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163:, 30 September 2005, archived from
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540:Financial Conduct Authority people
520:Hong Kong financial businesspeople
494:. Bank of England. 26 January 2016
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61:Securities and Futures Commission
530:British expatriates in Hong Kong
233:Stein, Peter (8 December 2010),
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311:Moore, James (1 October 2012).
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439:Phillip Inman (17 July 2015).
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330:Liaw, Tony (9 December 2010),
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235:"Wheatley: Was It His Choice?"
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1:
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204:"Wheatley steps down at LSE"
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24:Financial Services Authority
7:
111:Financial Conduct Authority
91:Wheatley's handling of the
28:Financial Conduct Authority
10:
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418:publications.parliament.uk
69:Hong Kong Futures Exchange
16:Hong Kong and UK financier
210:, London, 7 February 2004
525:Hong Kong civil servants
65:Hong Kong Stock Exchange
38:Wheatley worked for the
239:The Wall Street Journal
51:of at least £210,000.
40:London Stock Exchange
397:The Financial Times
378:HM Treasury website
266:The Financial Times
472:on 15 August 2015
268:, 2 February 2011
100:Lehman's collapse
49:severance package
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93:Lehman Brothers
81:insider trading
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20:Martin Wheatley
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292:Bloomberg News
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167:on 26 May 2009
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132:George Osborne
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44:Deutsche Börse
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496:. Retrieved
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474:. Retrieved
470:the original
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448:. Retrieved
445:The Guardian
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422:. Retrieved
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344:, retrieved
340:the original
336:The Standard
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165:the original
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73:Andrew Sheng
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55:In Hong Kong
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450:31 December
362:FSA website
190:SFC website
514:Categories
476:29 October
346:9 December
297:9 December
272:2 February
244:9 December
214:9 December
171:9 December
138:References
86:Richard Li
319:. London.
34:In London
96:minibond
67:and the
498:19 July
424:22 June
161:Forbes
414:(PDF)
500:2020
478:2015
452:2015
426:2024
348:2010
299:2010
274:2010
246:2010
216:2010
173:2010
125:not
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