Central Banks
BOE’s Bailey Nominated to Lead Global Finance Watchdog FSB
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Bank of England Governor Andrew Bailey won unanimous backing for his nomination to lead the Financial Stability Board after incumbent Chair Klaas Knot leaves.
The appointment will be formalized in June, before the start of his three-year term on July 1, according to an emailed statement from the Basel-based global finance watchdog. Bailey’s appointment comes at a fraught time for global policy making with President Donald Trump’s latest round of tariffs injecting turmoil into markets.