Wheatley leads shortlist for consumer watchdog

MARTIN Wheatley is considered frontrunner in the list of candidates to lead the new UK consumer protection agency to be established next year.

Wheatley, the current head of Hong Kong’s financial regulator, is considered a leading candidate to head the new Consumer Protection and Markets Authority, which will be spun out from the Financial Services Authority when it is broken up in 2012. A final decision on the chosen head is expected within weeks, while Wheatley plans to leave his post in June.