trending Market Intelligence /marketintelligence/en/news-insights/trending/Orjm5GNNwLafcFwuI3vkLw2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

UK chancellor rejects calls to delay FCA chief Bailey's BoE appointment

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity

Street Talk Episode 70 - Banks' Liquidity Conundrum Could Fuel M&A Activity

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go

UK chancellor rejects calls to delay FCA chief Bailey's BoE appointment

U.K. Chancellor Sajid Javid dismissed calls by the opposition Labour Party to delay the appointment of Andrew Bailey as the next governor of the Bank of England, Bloomberg News reported.

Bailey's tenure as head of the Financial Conduct Authority was rocked by a string of financial scandals, including the alleged mistreatment of small businesses by Royal Bank of Scotland Group PLC's now-defunct Global Restructuring Group as well as the collapse of London Capital & Finance PLC and the Woodford Equity Fund.

The Labour Party is pushing to postpone his appointment to the central bank until a review of regulation failures during his term at the FCA is completed. John McDonnell, Labour's economy spokesman, told the lower house of parliament Jan. 7 that the debacles over RBS' restructuring unit, London Capital Finance and the Woodford fund were proof of Bailey being "asleep at the wheel," Bloomberg noted.

Javid defended Bailey, saying he is "eminently qualified" to take over the BoE, adding that an inquiry into Bailey's record at the FCA is already underway, the report added.

Bailey has been head of the FCA since July 2016. He has more than 30 years of experience across areas of monetary policy at the BoE, including as executive director for banking services and chief cashier, as well as head of its special resolution unit. His appointment as central bank governor is effective March 16.