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Bank of England governor Bailey to chair Financial Stability Board

( April 7, 2025, 14:03 GMT | Official Statement) -- MLex Summary: The governor of the Bank of England Andrew Bailey has been appointed as chair of the Financial Stability Board, the world's financial stability watchdog. He will hold the role while remaining governor at Britain's central bank and his three-year term will begin in July. The appointment of Bailey at the international standard-setting body comes as the financial sector faces market turmoil by the imposition of tariffs from US President Donald Trump. "It is at times like this that the stability of the financial system is put to the test. That stability rests on strong regulatory standards and effective international co-operation," Bailey said.Statement follows....

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