Andrew Bailey: a safe pair of hands or out of touch?

New Bank governor's reputation faced scrutiny at scandal-hit City regulator

Andrew Bailey, who will replace Mark Carney as the Bank of England governor, must roll his eyes every time he sees the phrase "safe pair of hands". It comes to the fore almost whenever his name appears after 30 largely incident-free years at the Old Lady of Threadneedle Street.

But his reputation has come under scrutiny since he quit as deputy governor in 2016 to become the finance industry's consumer watchdog.