Friday, June 24, 2005

FSC man on NYMEX Board

A member of the Financial Services Commission (FSC), Alan Whiting has been appointed as an independent non-executive director of the board of NYMEX Europe Limited.

Mr. Whiting is chairman and managing director of Merlan Financial, a company he founded in 2004 that provides financial regulatory advisory services. He also has a number of non-executive directorships, including The Mortgage Code Compliance Board, The Banking Code Standards Board, and The Gibraltar Financial Services Commission.

From 1997 to 2004, Mr. Whiting served as executive director of regulation and compliance at the London Metal Exchange (LME), where he established a well-respected regulatory department. In addition, he played an active role in the international regulation of commodity markets and commodity derivatives business, particularly the European Union’s Investment Services, Markets in Financial Instruments, and Market Abuse Directives.

Prior to the LME, Mr. Whiting served as under secretary and director of financial regulation at HM Treasury and held a number of under secretary posts at the UK Department of Trade and Industry, including chief economic advisor. At HM Treasury, he was responsible for the structure, legislation, and oversight of banking, mutuals, and financial services regulation, including the formation of the Financial Services Authority.


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