We can all have a stake in the FCA

As the financial community ponders the annual report from the FCA and consider chief executive Martin Wheatley’s tenure, financial advisers may like to know that he has a nickname.

According to the FT, he is known as the “Grey Vampire”. One nameless employee said: “As rank-and-file employees we just don’t get to see him.”

The FCA is not commenting on it, unsurprisingly. Perhaps it’s a little beneath the regulator’s dignity.

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