The Bank of England’s Andrew Bailey is a leading candidate to become the next chair of the Financial Stability Board, a move that would upend how the watchdog traditionally rotates its leadership at a fraught time for global policy making.
Andrew Bailey, governor of the Bank of England, is a leading candidate to become the next chair of the Financial Stability Board (FSB), a global financial watchdog. The FSB is nearing the completion of its nomination process, with an announcement expected after the plenary meeting. Bailey is seen as a strong candidate due to his extensive experience, including his role at the FCA, and the fact that U.S. policymakers are yet to be appointed. The FSB, founded in 2009, faces challenges in maintaining global financial stability amid rising threats, including cryptocurrencies and geopolitical tensions.
