Financial Conduct Authority chief to be next Bank of England governor


By Russell Lynch and Lizzy Burden
The Telegraph, London
Thursday, December 19, 2019

Andrew Bailey, head of the City watchdog, is set to become the first Bank of England governor of the Brexit era, stepping into one of the most testing periods for the UK's central bank.

The Financial Conduct Authority chief executive was tonight braced to succeed Mark Carney when the Canadian steps down on Jan. 31, the day the United Kingdom is due to leave the European Union. The appointment will be announced by Sajid Javid, the chancellor, Friday.

... Dispatch continues below ...


Transfer Assets and Own Gold and Silver Coins
and Bars in the Safest Way

GoldCore's mission statement since 2003 has been to protect and grow the wealth of our clients, and given growing monetary, cyber, and systemic risks, it is increasingly important to take delivery or have legal title and outright ownership of fully segregated coins and bars.

On all investment and pension purchases and gold and/or silver coin and bars transfers (from banks, ETFs, and digital gold providers) worth more than $10,000 stored in GoldCore Secure Storage in Zurich, Switzerland, we are now offering Secure Storage for free for six months and the gift of a silver bullion coin -- a beautiful, legal tender, 1-ounce Silver Eagle.

GoldCore does not report transactions to any authority, and safety, privacy, and confidentiality are paramount when we are entrusted with safekeeping of our clients' precious metals.

Please visit GoldCore here for more information about this offer:

Key information regarding GoldCore Secure Storage, our partner vaults and jurisdictions, and storage rates is here:

For further information, please email the GoldCore team at or call our trading desk:

U.S.: +1-302-635-1160

U.K.: +44(0)203-086-9200

International: +353(0)1-632-5010

Mr. Bailey, 60, a former deputy governor, has spent most of his career at the Bank of England but has led the FCA since 2016. His appointment was welcomed but is in danger of being overshadowed by a trading scandal that throws a fresh spotlight on the bank's credibility.

A furore over hedge funds that paid for privileged access to an audio feed of the bank’s press conferences, without the bank's knowledge through a contractor, has raised immediate concerns over its policing of financial markets. ...

... For the remainder of the report:

* * *

Help keep GATA going:

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

To contribute to GATA, please visit: