FCA's Andrew Bailey Becomes Next BoE Chief

Law360, London (December 20, 2019, 3:04 PM GMT) -- Andrew Bailey will succeed Mark Carney as the new governor of the Bank of England, the government announced on Friday, as he takes on the mandate to lead the economy with Britain leaving the European Union.

Andrew Bailey, chief executive of the Financial Conduct Authority, will become the 121st governor of the Bank of England in March. (Getty) Bailey, currently chief executive of the Financial Conduct Authority, will become the 121st governor of the 325-year-old central bank on March 16. The bank is responsible not just for monetary policy but also the oversight of financial services and insurers through its regulatory...

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