UK’s Wheatley talks tough on financial market intervention
The UK's new Financial Conduct Authority (FCA) will have the confidence to intervene early in cases of wrongdoing, based on a "new culture" of data-gathering in specialist areas, according to Martin Wheatley, managing director of the Financial Services Authority and chief executive-designate of the FCA.
Wheatley stressed the new regulator would not hesitate to intervene in cases where the integrity of the financial system was under threat. "If we are to achieve our objectives, we will often need
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