We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
RSS FeedPeople Management

Andrew Bailey appointed deputy governor of BoE


HM Treasury says appointment effective1 April

Article comments

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:

Recommended Articles

Comments

Andrew Bailey appointed deputy governor of BoE
People Management

Is the CFO still the sole sacrificial lamb when a company struggles?

Is the CFO still the sole sacrificial lamb when a company struggles?

Tesco's announcement today that boss Philip Clarke is to leave proves that's no longer the casemore ..


Tesco’s Philip Clarke exits after another profit warning

The UK’s largest retailer appoints outsider Dave Lewis, president of personal care at Unilevermore ..

Unemployment falls to near six-year low of 2.12 million

There were 30.64 million people in work in 3 months to May - a leap of 254,000 compared to previous quartermore ..

HP staff in favour of industrial action on jobs

Failure to cooperate with ‘knowledge transfer' may affect DWP and MoJ contractsmore ..

Ten tactics to unleash the potential of Generation Y in finance

Most CFOs are Baby Boomers or Generation X-ers – the difference in mindset is hugemore ..

What's the role of the finance chief in a takeover bid?

With Pfizer's possible takeover of Astrazeneca in the spotlight we take a look at how pivotal the CFO is in such a dealmore ..

Send to a friend

Email this article to a friend or colleague:


PLEASE NOTE: Your name is used only to let the recipient know who sent the story, and in case of transmission error. Both your name and the recipient's name and address will not be used for any other purpose.



In Depth
Can finance rise to the challenge of major transformation?

Can finance rise to the challenge of major transformation?

Outdated finance processes, systems and competencies leave too many questions unanswered more ..

In Depth
Interim CFO or consultant? The pros and cons

Interim CFO or consultant? The pros and cons

Ed Harding offers an insight into the life of an interim CFO and the advantages in driving transformation more ..

Advertisement

* *