David Bailey is Executive Director for Prudential Policy, responsible for the development, negotiation and implementation of prudential policy that supports the Prudential Regulation Authority (PRA)'s objectives and broader financial stability. David also represents the PRA on the Basel Committee for Banking Supervision.
David joined the Bank of England in 2014 as Director of Financial Market Infrastructure and has held roles as Executive Director of Authorisations, RegTech and International Supervision, and Executive Director of Financial Markets Infrastructure. His most recent role was Executive Director of UK Deposit Takers Supervision which he held under February 2024.
Prior to working at the Bank, David was Head of Markets Infrastructure and Policy at the Financial Conduct Authority (FCA) and at its predecessor, the Financial Services Authority (FSA).
He graduated from Durham University and began his career at J.P. Morgan.