FCA's Bailey Sees `Very Big Consensus' on Libor Changes

Andrew Bailey discusses Libor reform, highlighting progress in launching risk-free rates and the challenges of synthetic Libor. He addresses PPI proposals, FCA criticism, and the need for robust auditing regulation. Bailey also talks about crypto regulation and the importance of a purpose-driven system. He concludes with support for Libor reform and the role of central banks in enhancing risk-free rates.

How does Andrew Bailey view the FCA's recent proposals on PPI complaints?

What is the significance of the task force with the Treasury and the Bank of England?

What does Andrew Bailey believe is necessary for robust regulation of auditing?