Gina Miller calls for Chancellor to review Andrew Bailey's appointment at BoE

'Regulatory failures' during FCA tenure

Beth Brearley
clock • 3 min read

Gina Miller has published a report highlighting the "regulatory failures" in the UK financial services sector during Andrew Bailey's tenure as CEO of the Financial Conduct Authority (FCA), calling for Chancellor Rishi Sunak to review Bailey’s appointment as the new Governor of the Bank of England.

Launched as part of Gina Miller and fund manager Alan Miller's long-running True and Fair Campaign, the report highlights the "poor regulation and consumer outcomes in UK financial services" over the past four years, with Gina Miller warning Bailey's appointment at the BoE would be "a gross betrayal of the Government's duty to protect consumers". Published today (25 February), the report - Asleep at the Wheel: An exposé of systemic regulatory failure and consumer detriment, lays the blame for the suspension of the £2.5bn M&G Property fund and 300,000 Woodford IM investors losing over £1b...

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