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Compliance experts and trade bodies praise outgoing FCA boss Andrew Bailey

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The market has hailed Andrew Bailey as having run a steady ship at the Financial Conduct Authority and congratulated him as he heads to the Bank of England to replace Mark Carney.

Bailey will take up the governor role on 16 March having been CEO of the FCA since 2016.

Prior to joining the FCA, he worked at the BoE from 1985 moving his way up to deputy governor of the BoE for

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