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Clock ticking on hunt for new UK banking watchdog chief

By Sofia Gerace ( November 18, 2025, 10:41 GMT | Comment) -- The race to find Britain’s next top banking watchdog is entering its final days, with applications closing next Monday for the top role overseeing the stability of the UK’s financial system. The appointment is the first major change in the UK’s financial regulation leadership under finance minister Rachel Reeves. While the Financial Conduct Authority recently saw the reappointment of its current chief Nikhil Rathi for a second term and Andrew Bailey’s tenure as Bank of England governor will continue until 2028, the Prudential Regulation Authority's succession gives the government an opportunity to appoint a regulator committed to accelerating its pro-growth agenda.The race to find Britain’s next top banking watchdog is entering its final days, with applications closing next Monday for the top role overseeing the stability of the UK’s financial system....

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