The Financial Stability Board’s Nomination Committee has unanimously agreed to recommend that the Plenary appoint Andrew Bailey, Governor of the Bank of England, as the next FSB Chair for a three-year term beginning 1 July 2025. The Plenary is expected to formalise the appointment at its in-person meeting in June, with current Chair Klaas Knot’s term ending on 30 June 2025. Bailey currently chairs the FSB’s Standing Committee on Supervisory and Regulatory Cooperation, which develops supervisory and regulatory policies to address key financial stability risks and coordinates cross-sector and international issues among supervisors and regulators. The current Chair highlighted Bailey’s role in recent FSB reform initiatives, including on crypto-assets and non-bank financial intermediation. If confirmed in June, Bailey would take up the role on 1 July 2025 for a three-year term.
Financial Stability Board 2025-04-07
Financial Stability Board nomination committee recommends Bank of England Governor Andrew Bailey as next Chair from July 2025
The Financial Stability Board's Nomination Committee has recommended Andrew Bailey, Governor of the Bank of England, as the next FSB Chair for a three-year term starting 1 July 2025. The Plenary is expected to formalize the appointment in June. Bailey currently chairs the FSB’s Standing Committee on Supervisory and Regulatory Cooperation and has been involved in recent FSB reform initiatives.