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...

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