Financial Conduct Authority  

FCA chief denies Bank job lobbying

FCA chief denies Bank job lobbying

The chief executive of the Financial Conduct Authority (FCA) has denied he is lobbying to succeed Mark Carney as governor of the Bank of England.

Speaking at the annual public meeting of the FCA this morning (11 September), Andrew Bailey said he was fully focused on his current role.

Mr Bailey is often listed as a front runner to replace Mr Carney as governor of the Bank.

But when asked about this this morning Mr Bailey said: "I have said many times I don't spend any time thinking about whatever in my life is coming next.

"I have a very large job with very important responsibilities and I can tell you it gets all my attention."

Mr Bailey has been chief executive of the FCA since 2016 but before this had been at the Bank of England for most of his career, eventually becoming chief cashier.

He had replaced Martin Wheatley who stood down in 2015 after former chancellor George Osborne told him his contract would not be renewed when it expired.