On January 26, 2016, the BoE issued a press release announcing that Mr. Andrew Bailey has been appointed as the new Chief Executive Officer of the FCA. In his new role at the FCA, Mr. Bailey will be a member of the PRA Board and Financial Policy Committee. Mr. Bailey will remain in his role at the PRA as CEO and Deputy Governor and will leave his role as Deputy Governor of Prudential Regulation at the BoE only once a successor has been appointed.

The PRA press release is available at: http://www.bankofengland.co.uk/publications/Pages/news/2016/024.aspx