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Online Event with Andrew Bailey, Governor, Bank of England
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With global economic conditions likely to remain challenging in the near term, and the impact of the global pandemic and upcoming end of the transition period making way for further uncertainty for UK business, the Chamber will be joined in conversation by Andrew Bailey, the Governor of the Bank of England for our virtual event.
Discussions will focus on the Bank’s monetary policy decision to significantly expand quantitative easing, how it works with financial institutions to ensure that measures taken translate into on the ground support for businesses, and what further steps will be needed to ensure a fiscal environment that limits economic scarring and helps kickstart a recovery.
Topics on the agenda include:
the Bank of England’s decision to significantly expand quantitative easing;
how the Bank works with financial institutions to provide on the ground support for businesses; and
what further steps are needed to help kickstart economic recovery.
Andrew Bailey – Governor of the Bank of England
Andrew Bailey began his term as Governor of the Bank of England on 16 March 2020. He served as Chief Executive Officer of the Financial Conduct Authority (FCA) from 1 July 2016 until taking up the role of Governor. As CEO of the FCA, Andrew Bailey was also a member of the Prudential Regulation Committee, the Financial Policy Committee, and the Board of the Financial Conduct Authority.
While retaining his role as Executive Director of the Bank, 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.
Andrew worked at the Bank in a number of areas, most recently as Executive Director 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.