FSA prudential boss to step up from 1 April

Andrew Bailey

The Treasury has appointed FSA head of prudential supervision Andrew Bailey as Prudential Regulation Authority (PRA) chief executive and Bank of England deputy governor.

Bailey will take up his new roles from 1 April.

Chancellor of the Exchequer George Osborne said: “Andrew Bailey has the right skills and experience to lead the PRA, as it moves into the new era of judgment-led supervision.

“Putting the Bank of England in charge of prudential regulation is at the heart of the government’s reforms to regulation of financial services. It will be a tough, forward-looking regulator, focused on the stability of banks, other deposit takers and insurers – and with a mandate to protect policyholders.”

The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.

Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.

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