London  — Former Bank of England (BOE) deputy governor Andrew Bailey, one of the City of London’s most experienced financial regulators, is the firm favourite to be named as the new governor of the British central bank, the Financial Times (FT) reported on Thursday.

Bailey, 60, worked for 30 years at the BoE before moving in 2016 to his current job as chief executive of the Financial Conduct Authority (FCA) which is charged with cracking down on misconduct in the finance industry...

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