BoE’s Bailey questions why top managers not punished for failure

Andrew Bailey

Andrew Bailey, a deputy governor of the Bank of England (BoE) and chief executive of the UK's Prudential Regulation Authority, today expressed his surprise that top managers have avoided punishment for failings during the financial crisis, even as their subordinates were held accountable.

Speaking at Policy Review Intelligence's Future of Financial Services Summit in London, Bailey was quick to stress he will not comment on whether people ought to go to prison for failings during the financial

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