FCC club lunch with Martin WHEATLEY

Speaker: Martin WHEATLEY
Chief Executive Officer, Securities and Futures Commission, Hong Kong

Topic: Surfing the Financial Tsunami

Martin WHEATLEY will talk about regulatory challenges and responses in the midst of the financial tsunami. The collapse of Lehman Brothers has had significant consequences on both the international and domestic financial markets. The events that have subsequently unfolded have suggested a need for a thorough review of local regulatory structures as well as more international co-operation in the supervision of markets and their participants. Mr WHEATLEY will discuss what he believes went wrong and what should be the way forward in the financial regulatory sphere.

On an international scale, Mr WHEATLEY will share his views on current short selling regimes and how he, as the Chairman of the IOSCO Short Selling Task Force, sees and handles contrasting opinions from different jurisdictions in aiming to arrive at a common international standard on the regulation of short selling. Domestically, Mr WHEATLEY will speak on what he believes could be improved upon in the financial regulatory system in Hong Kong and on what will likely become the regulatory focus in the aftermath of the crisis.

Mr. WHEATLEY became the executive Chairman of the SFC on 1 October 2005 and was appointed by the Hong Kong Chief Executive as the SFC’s first Chief Executive Officer on 23 June 2006. Prior to joining the SFC, Mr. WHEATLEY was Deputy Chief Executive of the London Stock Exchange. Mr. WHEATLEY was also Chairman of the FTSE International and sat on the Listing Authority Advisory Committee of the Financial Services Authority of England. Mr. WHEATLEY qualified as an accountant in 1984, has a first degree in Philosophy and an MBA.