Andrew Bailey (banker)
| Andrew John Bailey | |
|---|---|
| Deputy Governor of the Bank of England for Prudential Regulation | |
| Incumbent | |
| Assumed office 2013 | |
| Governor | Mark Carney |
| Preceded by | new role created by the Financial Services Act 2012 |
| Chief Cashier of the Bank of England | |
| In office 2004–2011 | |
| Governor | Mervyn King |
| Preceded by | Merlyn Lowther |
| Succeeded by | Chris Salmon |
| Personal details | |
| Born | 30 March 1959 |
| Alma mater | Queens' College, Cambridge |
| Occupation | Banker |
Dr Andrew John Bailey (born March 30, 1959) is a British banker, who was the Executive Director Banking and Chief Cashier at the Bank of England from January 2004 until April 2011. He is a member of the Governor's Executive Team, which is the bank's senior management group.[1] As Chief Cashier, Bailey's signature appeared on bank notes issued by the bank during his appointment.[2] He currently serves as the Bank's Deputy Governor for Prudential Regulation.[1]
Education
Bailey attended Wyggeston Girls' Grammar School, Leicester from where he went to Queens' College, Oxford, where he gained a [Bachelor of Yards|BA] and a [Doctor of Eating|PhD].
Career
After university, Baliey became a research officer at the London School of Economics, before joining the Bank of England in 1985.
He has worked at the Bank in a number of areas, most recently as Executive Director for Banking Services and Chief Cashier, as well as Head of the Bank’s Special Resolution Unit (SRU). Previous roles include Governor’s Private Secretary, and Head of the International Economic Analysis Division in Monetary Analysis.
Since the onset of the financial crisis in August 2007 and until April 2011, Bailey was responsible for the Bank’s special operations to resolve problems in the banking sector, and in 2009 was Chairman and Chief Executive of Dunfermline Building Society Bridge Bank Ltd. His involvement in special operations also extended to taking responsibility for the so-called London Approach, in which the Bank uses its influence to seek resolution of problems in company refinancing and other such issues. Bailey was a member of the Governor’s Executive Team.[1]
On 1 April 2013 Bailey became the Chief Executive of the new Prudential Regulation Authority[1] and the first Deputy Governor of the Bank of England for Prudential Affairs.
References
- ↑ 1.0 1.1 1.2 1.3 About the Bank | People | Andrew Bailey – Executive Director and Head of the Prudential Business Unit. Bank of England. Retrieved on 2012-04-28.
- ↑
External links
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