FCA head revealed


Andrew Bailey has been appointed chief executive officer of the Financial Conduct Authority (FCA).

The regulator has been led on an interim basis by Tracey McDermott since Martin Wheatley stepped down in September last year but who the long term lead would be has been up in the air since McDermott ruled herself out of the role earlier this month.

Bailey, who has been appointed on a five year term, currently deputy governor at the Prudential Regulation Authority (PRA), will begin his role at the