Martin Wheatley resigns as FCA chief executive
UK chancellor will not be renewing Wheatley's term next year
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
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