City regulator Andrew Bailey favourite to take Bank of England job

Mark Carney due to step down in January with replacement to be confirmed imminently

Andrew Bailey, the head of the Financial Conduct Authority, has emerged as the frontrunner to become the next governor of the Bank of England.

The selection of the chief executive of the UK financial watchdog is expected to be announced as early as Friday, according to the Financial Times, as time runs out to appoint a successor to Mark Carney before Christmas.

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from The Guardian https://ift.tt/38XClZV