Andrew Bailey, deputy governor for prudential regulation at the Bank of England and CEO of the Prudential Regulation Authority, is replacing Tracey McDermott as the new chief executive of the Financial Conduct Authority (FCA).
Bailey, who has been at the Bank of England for 30 years, is due to join the FCA in July. Bailey (pictured) will continue in his role as deputy governor and PRA CEO, including his international commitments, until his departure from the Bank. In his new role as CEO of the FCA, Bailey will also be a member of the PRA board and the Financial Policy Committee. FCA chairman John Griffith-Jones said: "He brings unrivalled regulatory experience, a proven track record and an excellent reputation in the UK and internationally. "Having been an FCA board member since 2013 he has been fully...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
