Following the news Andrew Bailey has been appointed as the next Bank of England Governor, City of London Corporation Policy Chair Catherine McGuinness said:

“We congratulate Andrew Bailey on his appointment and look forward to working closely with him.

“Mark Carney has done a fantastic job since becoming Governor in 2013, helping to raise the global profile of the Bank’s work, and often leading the way on challenges and opportunities of the future such as climate change and fintech.

“Andrew is well-placed to continue this important work to ensure that the Bank plays a leading role on the international stage.”