BoE will have Andrew Bailey as the new Governor from March 16, 2020. Her Majesty, the Queen, has approved the appointment. To provide for a smooth transition, the current Governor, Mark Carney, has agreed to complete his term on March 15, 2020.
Mr. Mark Carney said: "An extraordinary public servant, Andrew brings unparalleled experience, built over three decades of dedicated service across all policy areas of the Bank, and most recently as CEO of the FCA. Andrew is widely and deeply respected for his leadership managing the financial crisis, developing the new regulatory frameworks, and supporting financial innovation to better serve UK households and businesses."
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Keywords: Europe, UK, Banking, BoE Governor, Andrew Bailey, BoE
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