FCA's Bailey still frontrunner for BoE job despite testing few months

Odds widened to 2/1

clock • 2 min read

FCA chief executive Andrew Bailey continues to be the bookmakers' favourite to take over from Mark Carney as Bank of England governor, despite recent industry scandals that may have dented his chances.

Bailey, who took over from Martin Wheatley as Financial Conduct Authority (FCA) CEO on 1 July 2016 to steer the UK through the Brexit process, having been appointed by George Osborne, is a current 2/1 shot with Betway to secure the job. But a pair of recent scandals, including the still-running Neil Woodford saga as well as the collapse of London & Capital Finance, have seen his odds widen. In April, he was as shot as 1/2 to take over, according to comparison website Oddschecker. The suspension of the LF Woodford Equity Income fund, run by the UK's highest-profile stockpicker, has ser...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

FCA acknowledges investment trust platform clash and proposes changes in call for wider CCI input

FCA acknowledges investment trust platform clash and proposes changes in call for wider CCI input

Final rules outlined in 2025

Eve Maddock-Jones
clock 19 December 2024 • 6 min read
WealthTek boss John Dance charged with £64m fraud and money laundering

WealthTek boss John Dance charged with £64m fraud and money laundering

‘One of the most serious and largest frauds’ ever investigated by FCA

Jenna Brown
clock 19 December 2024 • 2 min read
Number of financial firms failed by FSCS increases in October and November

Number of financial firms failed by FSCS increases in October and November

Including Charterhouse and Advice & Wealth Management Solutions

Isabel Baxter
clock 18 December 2024 • 2 min read