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FSA names chief to lead the CPMA

The Financial Services Authority has confirmed that Martin Wheatley has been appointed chief executive officer of the forthcoming Consumer Protection and Markets Authority.

The successor to the FSA is expected to be established by the end of 2012 and will be formed in conjunction with the Prudential Regulation Authority.

Wheatley is set to be made managing director of the FSA’s Consumer and Markets Business Unit from September 1 this year and he will join the FSA board.

He joins after serving for five years as chief executive of Hong Kong’s Securities and Futures Commission.

Prior to this, he held various roles including deputy chief executive of the London Stock Exchange Group. He also sat on the FSA’s Listing Authority Advisory Committee.



Brokers can beat banks hands down

The national media is encouraging people to review their mortgages as rate rises becomes a hot topic of conversation. This should help increase mortgage activity, which is at an all-time low. Net lending was a meagre £8.5bn last year compared with the £110bn at the peak. If it was not for the few securitisations done […]

Buy-out brings a cash boost to Cheval Finance

Cheval Bridging Finance has been bought by management and a consortium of investors. The reorganisation of the short-term lender sees it acquired by a new parent company, Cheval Holdings, which is owned by a consortium of investors and Cheval’s management. The lender will receive a capital injection from the new owners and renew the existing […]


Do or die

The question of whether to charge fees can literally be life or death for some firms who face a central conundrum – should they charge and risk losing clients or rely solely on proc fees?


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