Remarks by Andrew Bailey on Financial Reform

Andrew Bailey, Executive Director for Banking Services and Chief Cashier for the Bank of England, speaking at Mansion House on financial reform, looks at the challenges of re-building financial stability.
Published on 21 September 2010

Andrew Bailey, designated Deputy CEO of the new Prudential Regulation Authority (PRA), emphasises that "It is a task that belongs to all of us...history now tells us - painfully - that on the way to higher standards there was a terrible lapse in which too many people in our industry forgot that preserving financial stability is the duty that we all owe to the public. The fact of the matter is that the public has every right to expect us to act in their interest."

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