Andrew John Bailey (born 30 March 1959) is a British central banker, who was Deputy Governor of the Bank of England from April 2013 to July 2016.
He had previously served as the bank's chief cashier from January 2004 until April 2011. He is currently the chief executive officer of the Financial Conduct Authority.[1][1][2] He will take over as Governor of the Bank of England from February 2020
Education
Bailey attended Wyggeston Boys' Grammar School, Leicester from where he went to Queens' College, Cambridge, where he gained a BA in History and a PhD.
Career
After university, Bailey became a research officer at the London School of Economics, before joining the Bank of England in 1985.
He has worked at the bank in a number of areas, most recently as executive director for banking services and as chief cashier, as well as head of the bank's Special Resolution Unit (SRU). Previous roles include Governor's private secretary, and head of the International Economic Analysis Division in Monetary Analysis.
Since the onset of the financial crisis in August 2007 and until April 2011, Bailey was responsible for the bank's special operations to resolve problems in the banking sector, and in 2009 was chairman and chief executive of Dunfermline Building Society Bridge Bank Ltd.
On 1 April 2013 Bailey became the chief executive of the new Prudential Regulation Authority[1] and the first deputy governor of the Bank of England for Prudential Regulation.
On 26 January 2016, it was announced that Andrew Bailey will take over as CEO of the UK Financial Conduct Authority.[4] He replaced Tracey McDermott, who became acting CEO after Martin Wheatley resigned following a vote of no confidence by George Osborne in July 2015.[5]
On 3 June 2019, it was reported in The Times that Bailey was the favourite to replace Mark Carney as the new Governor of the Bank of England
He had previously served as the bank's chief cashier from January 2004 until April 2011. He is currently the chief executive officer of the Financial Conduct Authority.[1][1][2] He will take over as Governor of the Bank of England from February 2020
Education
Bailey attended Wyggeston Boys' Grammar School, Leicester from where he went to Queens' College, Cambridge, where he gained a BA in History and a PhD.
Career
After university, Bailey became a research officer at the London School of Economics, before joining the Bank of England in 1985.
He has worked at the bank in a number of areas, most recently as executive director for banking services and as chief cashier, as well as head of the bank's Special Resolution Unit (SRU). Previous roles include Governor's private secretary, and head of the International Economic Analysis Division in Monetary Analysis.
Since the onset of the financial crisis in August 2007 and until April 2011, Bailey was responsible for the bank's special operations to resolve problems in the banking sector, and in 2009 was chairman and chief executive of Dunfermline Building Society Bridge Bank Ltd.
On 1 April 2013 Bailey became the chief executive of the new Prudential Regulation Authority[1] and the first deputy governor of the Bank of England for Prudential Regulation.
On 26 January 2016, it was announced that Andrew Bailey will take over as CEO of the UK Financial Conduct Authority.[4] He replaced Tracey McDermott, who became acting CEO after Martin Wheatley resigned following a vote of no confidence by George Osborne in July 2015.[5]
On 3 June 2019, it was reported in The Times that Bailey was the favourite to replace Mark Carney as the new Governor of the Bank of England
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