Andrew Bailey – Doctor of Laws

Friday 26th January, 11am

Press comment: “It is a great pleasure to be awarded an honorary degree by the University of Leicester. Leicester is my hometown and I went to school at what was then Wyggeston Boys, close neighbours of the University. It is very encouraging to see the University thriving.

Biography: Andrew Bailey was born in Leicester and educated at Wyggeston Boys’ Grammar School and Queen’s College, Cambridge. After university, he became a research officer at the London School of Economics before joining the Bank of England in 1985.

Andrew worked at the Bank in a number of areas, most recently as Deputy Governor for Banking Services and Chief Cashier, as well as Head of the Bank’s Special Resolution Unit (SRU). Previous roles include Governor’s Private Secretary, and Head of the International Economic Analysis Division in Monetary Analysis.

While retaining his role as Deputy Governor of the Bank of England, Andrew joined the Financial Services Authority in April 2011 as Deputy Head of the Prudential Business Unit and Director of UK Banks and Building Societies. In July 2012, Andrew became Managing Director of the Prudential Business Unit, with responsibility for the prudential supervision of banks, investment banks and insurance companies.

Andrew is now an executive FCA Board member and Chief Executive. Prior to becoming the FCA’s Chief Executive in July 2016, Andrew Bailey was Deputy Governor for Prudential Regulation and Chief Executive Officer of the Prudential Regulation Authority (PRA). He is also a member of the Prudential Regulation Committee and the Financial Policy Committee.

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