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.
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