Ken Davy: There is good as well as bad in Wheatley's legacy
When I left Abbey Life many years ago, the local manager put up a sign in the branch office quoting the old Yorkshire saying: “Put your hand in a bucket of water, then take it out. The hole that remains is a measure of how much you will be missed.”
As I was by far his most consistently successful adviser, his obvious intention was to try to retain branch morale following my departure. Nonetheless, having worked hard for him for several years, I was singularly unimpressed.
Following the surprise, even shock, announcement of the resignation of Martin Wheatley from the FCA, one could spend many hours speculating on what comments might be displayed on the day of his departure. The reality is, however, that the job of a regulator is never going to be easy; indeed it is quite definitely not the role of the regulator to try to win popularity contests.
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