Andrew Bailey (banker)
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Andrew J. Bailey
|Chief Executive of the Financial Conduct Authority|
|Preceded by||Tracy McDermott|
|Deputy Governor of the Bank of England for Prudential Regulation|
2013 – July 2016
|Preceded by||Position established|
|Succeeded by||Sam Woods|
|Chief Cashier of the Bank of England|
|Preceded by||Merlyn Lowther|
|Succeeded by||Chris Salmon|
|Born||30 March 1959|
|Children||Samuel Bailey and Hannah Bailey|
|Alma mater||Queens' College, Cambridge|
Dr Andrew John Bailey (born 30 March 1959) is a British banker, who was the Executive Director Banking and Chief Cashier at the Bank of England from January 2004 until April 2011. He is a member of the Governor's Executive Team, which is the bank's senior management group. As Chief Cashier, Bailey's signature appeared on bank notes issued by the bank during his appointment. He then served as the Bank's Deputy Governor for Prudential Regulation from 2013 until July 2016. He currently resides as the Chief Executive of the Financial Conduct Authority (FCA).
He has worked at the Bank in a number of areas, most recently as Executive Director for Banking Services and 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 26 January 2016, it was announced that Andrew Bailey will take over as CEO of the UK Financial Conduct Authority. He replaced Tracey McDermott, who became acting CEO after Martin Wheatley resigned following a vote of no confidence by George Osborne in July 2015.
- About the Bank | People | Andrew Bailey – Executive Director and Head of the Prudential Business Unit. Bank of England. Retrieved on 2012-04-28.
- "Andrew Bailey". FCA. 2016-04-06. Retrieved 2017-02-14.
- Inman, Phillip (2015-07-17). "City watchdog chief quits after George Osborne vote of no confidence". The Guardian. ISSN 0261-3077. Retrieved 2017-02-14.