By John Smith • 21 December 2019 • 17:30
Andrew Bailey New Bank of England Governor
Credit: Bank of England
THE current chief executive of the Financial Conduct Authority (FCA), Andrew Bailey has been appointed the new Bank of England Governor for an eight year term, with effect from March 16 next year.
There has been some criticism of the FCA for allowing a number of financial problems to escalate with little in the way of punishment for those who have offended.
Mr Bailey had worked for 30 years at the Bank previously and appeared to be the natural successor to Mr Carney.
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Married to Ophelia in Gibraltar in 1978, John has spent much of his life travelling on security print and minting business and visited every continent except Antarctica.
Having retired several years ago, the couple moved to their house in Estepona and John became a regular news writer for the EWN Media Group taking particular interest in Finance, Gibraltar and Costa del Sol Social Scene.
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