Bank of England chief economist Andy Haldane has been tipped as the top candidate to run as head of the Financial Conduct Authority.
The FCA is in the process of finding a replacement for Martin Wheatley, who will leave his position later this month.
The Sunday Times reports that Haldane is the frontrunner for the recruitment process, which will begin this week. The next FCA head will take over the role in April next year.
One senior bank executive told the newspaper that Haldane “is definitely in the frame and is considered to be young and keen” although “his one problem is probably a lack of experience in retail banking”.