Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Andrew Bailey appointed Bank of England deputy governor

Andrew Bailey appointed Bank of England deputy governor

The Treasury has appointed Andrew Bailey as deputy governor of the Bank of England (BoE) and chief executive of the Prudential Regulation Authority (PRA).

Bailey (pictured) is currently managing director of the Financial Services Authority's (FSA) prudential business unit and is responsible for banks, investment banks and insurers.

Chancellor George Osborne said: 'Andrew Bailey has the right skills and experience to lead the PRA as it moves into the new era of judgement-led supervision.

'Putting the BoE in charge of prudential regulation is at the heart of the government’s reforms to regulation of financial services. It will be a tough, forward-looking regulator, focused on the stability of banks, other deposit takers and insurers – and with a mandate to protect policyholders.'

The FSA will be split into the PRA and the Financial Conduct Authority on 1 April.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Where A-rated Pattullo is finding the best bond opportunities

Where A-rated Pattullo is finding the best bond opportunities

Henderson Global Investors head of retail fixed income explains how he is managing his fund against the surprise current monetary policy divergence.

1 Comment Play Taxicab Tenner: Allianz Global Investors' AA-rated Simon Gergel

Taxicab Tenner: Allianz Global Investors' AA-rated Simon Gergel

Our much anticpated new series is here! We hand a black cab driver a tenner and grill the manager of the 125-year Merchants trust until the meter runs out.    

Play Europe bulls, a retail boost and why a little inequality can be a good thing

Europe bulls, a retail boost and why a little inequality can be a good thing

This week’s Investment Pulse looks at whether investors should be bullish on Europe, the surprise rise in UK retail sales and if a little inequality is a good thing.

Your Business: Cover Star Club

Profile: meet the duo at the heart of Hargreave Hale's succession plan

Profile: meet the duo at the heart of Hargreave Hale's succession plan

For the first time in the company's history a non-Hargreave is now at the head of the north west broker and asset manager

Wealth Manager on Twitter