UK Finance responds to Andrew Bailey's appointment as Bank of England governor

Commenting on the appointment of Andrew Bailey as the next governor of the Bank of England, Chief Executive of UK Finance Stephen Jones said: 

We congratulate Andrew Bailey on his appointment. Mr Bailey is widely respected, highly experienced and has demonstrated significant expertise in financial services regulation at both the Bank and FCA.

?This makes him ideally placed to oversee financial stability and monetary policy through a potentially challenging time for the UK economy when he takes over as Bank of England governor.

?We look forward to working with Mr Bailey in the new year as we continue to address the major challenges and opportunities facing the banking and finance sector.