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ARTICLE · 14 JANUARY 2020

FIG Bulletin - 10 January 2020

Hogan Lovells
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To ensure continuity, an interim Chief Executive of the Financial Conduct Authority (FCA)

United KingdomFinance and Banking
Hogan Lovells
Hogan Lovells

General

BoE Governor: Andrew Bailey appointed

HM Treasury has announced that Andrew Bailey has been appointed as the new Governor of the Bank of England (BoE). Mr Bailey will succeed Mark Carney from 16 March 2020. The appointment is for an eight-year term.

To ensure continuity, an interim Chief Executive of the Financial Conduct Authority (FCA) will be appointed ahead of Mr Bailey's departure to manage the organisation until a permanent successor is chosen by HM Treasury.

MLD5: Money Laundering and Terrorist Financing (Amendment) Regulations 2019

The Money Laundering and Terrorist Financing (Amendment) Regulations 2019 (SI 2019/1511) have been published, together with an explanatory memorandum. The Regulations amend the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (SI 2017/692) (MLR 2017) to implement in the UK the amendments made to the Fourth Money Laundering Directive (MLD4) by the Fifth Money

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