Under Wheatley's watch, the financial services regulator was a stronger, quicker authority, and George Osborne could live to regret removing its chief executive, writes David Worsfold...
The sacking - for that is what it is - of Financial Conduct Authority (FCA) chief executive Martin Wheatley by the Chancellor of the Exchequer, George Osborne, is a vindictive act and one that could come back to haunt the Chancellor. Osborne has wanted to ditch Wheatley for some time. He thought he saw his chance in April last year, when the FCA made the one serious mistake in its relatively short existence - bungling the announcement of the review of closed fund insurance policies. That moment passed quickly and Wheatley survived. By then his days were already numbered. Wheatley's ca...
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