He is also a managing director of Merlan Financial.
After university, Whiting worked for the University of East Anglia, the Treasury, the Department of Economic Affairs, the Ministry of Technology, the European Free Trade Association (Geneva) and the Confederation of British Industry. He re-entered the Civil Service in 1974 as an economic adviser at the Department of Trade and Industry, eventually becoming chief economist and director of finance. In 1992, Whiting joined HM Treasury as under secretary and head of financial regulation. In that role, he oversaw structure, legislation and oversight of banking, mutuals and financial services regulation. He was also a member of the International Organisation of Securities Commissions (IOSCO) Technical Committee and represent the UK for the G7 work on financial regulation. Whiting was a member of the European Union's Banking Advisory and the High Level Securities Regulators Committees. He played a key role in developing financial regulation reform in the United Kingdom as a whole, and in creating the Financial Services Authority.
In 1997, Whiting joined the London Metal Exchange as executive director of regulation and compliance. He served in this role for seven years, and was heavily involved in international regulation of commodity markets and the commodity derivatives business. He founded his own company, Merlan Financial, in 2004 and was appointed to the LIFFE board in 2006. He also hold non-executive directorships on The Mortgage Code Compliance Board, The Banking Code Standards Board, the Lending Standards Board, the Debt Advice Gateway Trust, NYMEX Europe Ltd and CME/ NYMEX London Ltd. Whiting is the chairman of The Gibraltar Financial Services Commission.
JLN News Feed
JLN Financials: Liquidity storm could throw UK into chaos, Bank of England warns; Warren Buffett and 3G May Have One Barrier to Even Bigger Deals; Goldman Yield Calls Fall Below Street as Central Banks Damp Rout
JLN Options: Options Traders Getting Paid Following Buffett to Kraft Takeover; FX options indicate big euro/dollar swings may pause; VIX Should Drift Lower as Rate Hike Approaches, says RBC
Environmental Energy: Cost of carbon ‘should be 200% higher'; Sustainable stocks outperform the norm, says Morgan Stanley; Half-trillion-dollar green bond market, led by China, looks for a regulator.
John Lothian Newsletter: Liquidity storm could throw UK into chaos, Bank of England warns; TT gets $16m as court finds against CQG in patent trial; London Stock Exchange shares slide as Borse Dubai sells 17% stake
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CME Group's Duffy to Appear before the U.S. House Agriculture Subcommittee on Commodity Exchanges, Energy, and Credit