Financial Services

Tuesday 26th January 2016 Written Statements

[The Economic Secretary to the Treasury (Harriett Baldwin)]

The Chancellor has this morning announced that Andrew Bailey has been appointed as the next chief executive of the Financial Conduct Authority.

Andrew will succeed Tracey McDermott, interim CEO, and bring his extensive skills and experience of regulation to ensure that the UK financial services sector is the best regulated in the world.

The Chancellor has also announced the appointments of Bradley Fried, Baroness Hogg, Ruth Kelly and Tom Wright as non-executive directors.

These appointments are being made by HM Treasury under, and in accordance with, the Financial Services and Markets Act 2000 as amended.

[HCWS490]