On Monday I noted that there was a rumour doing the rounds that Lin Homer would be taking over the role of CEO of the Financial Conduct Authority (currently held by Martin Wheatley).
Half the rumour has been proven correct. Martin Wheatley will step down in September, with supervision boss Tracey McDermott stepping in as interim chief.
As to whether Homer takes over, that looks less likely given that (as per the Telegraph) Osborne has said:
"The government is launching a worldwide search; Martin’s replacement will – like him – need to be passionate about protecting consumers, promoting competition and completing the job of cleaning up the City, so it is the best-regulated market in the world."That rather rules out Homer I would have thought!
Tax does have to be taxing.
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