14 November 2013

Martin Wheatley: Regulation Is Not a Zero-Sum Game (Video)

Posted In: Archives, News, Speakers, Standards, Ethics & Regulations (SER)

Regulation, according to Martin Wheatley, chief executive at the Financial Conduct Authority (FCA), “is not a zero-sum game, like a tennis match or a football match, where either the regulator wins or the firm wins. If we get regulation right, we all win.” Speaking at the Sixth Annual European Investment Conference today, Wheatley emphasized that the key was to address problems before they incur tremendous cleanup costs. He went on to offer two concrete examples of how the FCA is taking this approach — in the debate over asset management in Europe and in how the regulator deals with wealth managers in the United Kingdom. Watch Wheatley’s full presentation below.

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Tags: asset allocation, Financial Conduct Authority, Private Wealth Management, regulation

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About the Author(s)

Jennifer Curry

Jennifer Curry formerly served as managing editor of the Enterprising Investor. Previously, she was the social media manager at the New York Society of Security Analysts (NYSSA). Prior to her work at NYSSA, Curry worked as the senior project editor for a nonfiction imprint at Barnes & Noble Publishing and as an assistant editor at the H.W. Wilson Company. She is the editor of several volumes in the Reference Shelf series, and her writing has appeared in Smithsonian, IndustryWeek, Barnes & Noble Review, and other publications. Curry holds a BS in journalism and a BA in anthropology from the University of Kansas, and an MA in anthropology from Hunter College, City University of New York.