Martin Wheatley has resigned as chief executive of the UK's Financial Conduct Authority (FCA) after it emerged he was not going to be appointed for a second term.
UK chancellor George Osborne said in a statement today (July 17) the government believes "different leadership" is required as the financial watchdog moves into a new phase of its development. Wheatley's term was due for renewal in March 2016.
"Britain needs a tough, strong financial conduct regulator. Martin Wheatley has done a brilli