Speculation about the new CEO has been rife since Wheatley stepped down
Deputy governor of the Bank of England
Andrew Bailey is to be the new chief executive of British
regulator the Financial Conduct Authority
The BoE on Tuesday drew a line under
months of speculation over the new leader of the FCA with the
The central bank said that veteran Bailey
– who has been with the bank for 30 years –
will continue in his current role as deputy governor for
Prudential Regulation and chief executive of the Prudential
Regulation Authority (PRA) until a successor has been
appointed, meaning no date for Bailey's appointment has been
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