Bailey to move to FCA by July regardless of EU vote

BoE deputy governor questioned on risks surrounding EU decision

Andrew Bailey
BoE deputy governor questioned on the risks surrounding EU decision

Bank of England (BoE) deputy governor Andrew Bailey will take up his new role as head of the Financial Conduct Authority (FCA) regardless of the outcome of the UK's referendum on its membership of the European Union, he said today (February 3).

Speaking in front of the Treasury Committee alongside acting chief executive of the FCA, Tracey McDermott, Bailey said the referendum date would not impinge upon his coming transfer.

"The process to find my successor at the PRA has started, the governor

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