08 Jun '11, 3pm

Head of Hong Kong's securities regulator hits back at US warning - Channel NewsAsia

Head of Hong Kong's securities regulator hits back at US warning - Channel NewsAsia

HONG KONG: After a six year stint as the head of Hong Kong's securities watchdog, it is Martin Wheatley's last day on the job. He is moving on to the UK, to head Britain's new consumer financial products watchdog. A former deputy head of the London Stock Exchange, he has been credited with leading the Securities and Futures Commission in cracking down on market misconduct. In 2009, the SFC secured Hong Kong's first jail sentence for insider trading. It also blocked tycoon Richard Li's attempt to take his company PCCW private, arguing that a shareholder vote had been rigged. On Wednesday, Wheatley hit back at US Treasury Secretary Timothy Geither's warning earlier this week, that other countries should not take advantage of a rise in financial regulatory standards in the US. He said he strongly disagrees with the suggestion that other countries will use regulatory arbitrage...

Full article: http://www.channelnewsasia.com/stories/marketnews/view/11...

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..:*Blogged!::. - Hong kong day 4! Photo-post.

..:*Blogged!::. - Hong kong day 4! Photo-post.

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I know my blog is really really back-dated now! For real-time updates, please follow my twitter instead! www.twitter.com/m...

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..:Blogged!*::. - Hong Kong Day 5!

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Singapore

Singapore

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