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December 20, 2019

Washington, D.C. - The Institute of International Finance today released the following statement from IIF President and CEO Tim Adams after Andrew Bailey was selected as the new governor of the Bank of England:

"I congratulate Andrew Bailey on his appointment, and look forward to working with him and his Bank of England colleagues to ensure the financial system is safe, sound, and a driver for economic growth, job creation, and overall prosperity in the U.K. In his time as a public servant, Andrew has demonstrated that he is thoughtful and pragmatic, traits that will serve him well as a steady hand navigating the uncertainty of Brexit in the coming year."

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The Institute of International Finance is the global association of the financial industry, with more than 450 members from more than 70 countries. Its mission is to support the financial industry in the prudent management of risks; to develop sound industry practices; and to advocate for regulatory, financial and economic policies that are in the broad interests of its members and foster global financial stability and sustainable economic growth. IIF members include commercial and investment banks, asset managers, insurance companies, sovereign wealth funds, hedge funds, central banks and development banks.