Bailey Appointed BOE Deputy Governor for Prudential Regulation
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Andrew Bailey will become deputy governor for prudential regulation at the Bank of England as the central bank prepares for its new role as Britain’s financial regulator.
Bailey, currently managing director of the Financial Services Authority’s Prudential Business Unit, will take up the role on April 1, the Treasury said today in London. He will also become chief executive officer of the new Prudential Regulatory Authority. He took over as head of the PBU when Hector Sants stepped down in June last year.