Bailey at the Bank of England: five challenges facing the new governor
by Phillip Inman from on (#4WX4G)
He may be less high-profile than Mark Carney, but his to-do list will be every bit as demanding
Andrew Bailey takes up the post of Bank of England governor on 16 March following more than two years of speculation about who will succeed the Canadian incumbent, Mark Carney.
Bailey is a home-grown replacement, from Leicestershire, whose CV appears in stark contrast to that of Carney, the former Goldman Sachs banker. Most of Bailey's career has been spent at the central bank's neoclassical Threadneedle Street headquarters, most prominently as chief cashier, with his name on every banknote. He was head of the Bank's supervisory body, the Prudential Regulation Authority, when in 2016 George Osborne, then chancellor, asked him to take over at the industry consumer watchdog, the Financial Conduct Authority.
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