Prior to becoming the FCA’s Chief Executive in July 2016, Andrew Bailey was Deputy Governor for Prudential Regulation and Chief Executive Officer of the Prudential Regulation Authority (PRA). He is also a member of the Prudential Regulation Committee and the Financial Policy Committee.
While retaining his role as Executive Director of the Bank of England, Andrew joined the Financial Services Authority in April 2011 as Deputy Head of the Prudential Business Unit and Director of UK Banks and Building Societies. In July 2012, Andrew became Managing Director of the Prudential Business Unit, with responsibility for the prudential supervision of banks, investment banks and insurance companies.
Previously, Andrew 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.