Andrew Bailey appointed deputy governor of BoE
HM Treasury says appointment effective1 April
By Gaurav Sharma | CFO UK | Published 12:20, 19 February 13
HM Treasury has appointed Andrew Bailey as a deputy governor of the Bank of England (BoE) and chief executive of the UK central bank's new Prudential Regulation Authority (PRA).
In a statement, it added that the appointment would be effective from 1 April.
Commenting on the appointment, Chancellor George Osborne said, "Andrew Bailey has the right skills and experience to lead the Prudential Regulation Authority as it moves into the new era of judgement-led supervision.”
"Putting the Bank of England in charge of prudential regulation is at the heart of the Government's reforms to regulation of financial services," he added.
Bailey is the current head of prudential supervision at the Financial Services Authority which would be replaced by the PRA at the end of March. The new authority would then function as a BoE subsidiary.
Share:Facebook Twitter Google Plus Stumble Upon Reddit Share This Email this article
'If you don't have honesty and integrity you will get found out'more ..
Andrew Brem's chief digital officer appointment comes two months after Phil Pavitt left insurer to take up Global CIO role at Specsaversmore ..
The former CEO cited a busy schedule, particularly involving his LA Clippers basketball team, for his resignationmore ..
But wage growth plunges to 0.2% on a year agomore ..
Look for a non-executive when appointing peersmore ..
OPINION: Tips from an experienced chief security officer on how best to enable flexible workingmore ..