As the Covid-19 crisis erupted, few would have predicted that central banks would end up front of stage. The ongoing volatility on financial markets has given them a key role. In his third day as Governor of the Bank of England, Andrew Bailey displayed the assertiveness which he never quite discovered in his previous job … Read more
MPs raise ‘serious concerns’ over next Bank of England chief Andrew Bailey’s record as FCA boss By Daily Mail City & Finance Reporter Published: 21:51 GMT, 5 March 2020 | Updated: 21:51 GMT, 5 March 2020 Andrew Bailey has come under fire over his leadership of the City watchdog just days before taking over at … Read more
The financial watchdog has warned banks it will be watching like a hawk to ensure they play fair, as they shift businesses and borrowers from the discredited Libor interest rate. A senior Financial Conduct Authority director told This is Money that if it sees problems with banks it will ‘challenge hard’ and ‘intervene’, to reassure … Read more