Andrew Bailey to be named Bank of England governor

Andrew Bailey, the former deputy of the Bank of England has been chosen as the institution’s new governor, to succeed Canadian Mark Carney. The Financial Times and other newspapers said Bailey, the head of the Financial Conduct Authority regulator and former deputy of the BoE between 2013 and 2016, would replace Carney.
Canadian Carney, 54, will handover on January 31 after six years in the role, having extended his tenure twice on turmoil over Britain’s looming exit from the European Union.
There had been speculation that Carney’s successor could be the institution’s first female chief.