UK:
UK Chancellor Of The Exchequer Appoints New Governor Of The Bank Of England
03 January 2020
Cadwalader, Wickersham & Taft LLP
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The UK Chancellor of the Exchequer named Andrew Bailey as the next Governor of
the Bank of England. Mr. Bailey will succeed former Governor Mark
Carney on March 16, 2020.
Mr. Bailey has been the CEO of the Financial Conduct Authority
since July 1, 2016. He is also a member of the Prudential
Regulation Committee, the Financial Policy Committee and the Board
of the Financial Conduct Authority. Mr. Bailey joined the Financial
Services Authority in April 2011 and served as Deputy Governor,
Prudential Regulation and CEO of the Prudential Regulation
Authority, Deputy Head of the Prudential Business Unit and Director
of UK Banks and Building Societies, and Managing Director of the
Prudential Business Unit.
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