Friday, May 7

UK names Andrew Bailey as new Bank of England governor

FILE PHOTO: Chief Executive of the Financial Conduct Authority Andrew Bailey speaks at a press conference at the Bank of England in London, Britain February 25, 2019. Kirsty O’Connor/Pool via REUTERS

LONDON (Reuters) – Former Bank of England deputy governor Andrew Bailey will be the British central bank’s next governor, finance minister Sajid Javid said on Friday.

Bailey, 60, is chief executive of the Financial Conduct Authority, a regulator charged with fighting misconduct in the finance industry. He previously spent 30 years at the BoE.

Writing by William Schomberg; editing by John Stonestreet

Our Standards:The Thomson Reuters Trust Principles.

Leave a Reply

Your email address will not be published. Required fields are marked *