bank: Most of Bailey's career has been spent at the central bank's neoclassical Threadneedle Street headquarters, most prominently as chief cashier, with his name on every banknote, according to The Guardian. He was head of the Bank's supervisory body, the Prudential Regulation Authority, when in 2016 George Osborne, then chancellor, asked him to take over at the industry consumer watchdog, the Financial Conduct Authority. Bailey is a home-grown replacement, from Leicestershire, whose CV appears in stark contrast to that of Carney, the former Goldman Sachs banker. Carney was an energetic governor and a major player on the global stage, whose job ranged from monetary policy and the setting of interest rates to designing the regulatory architecture for the banks and insurance companies. Bailey's forthcoming eight-year tenure is likely to be equally busy. During his time as governor he has flagged the climate crisis as a major issue for the finance industry, and until recently he was head of the G20's Financial Stability Board.
(news.financializer.com). As
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