The most common and most likely answer to this crossword clue is the 6 letter word BAILIE
I've seen this crossword clue in Financial Times
B
A
I
L
I
E
Buddy explains!

The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.
What does BAILIE mean?
BAILIE noun- A bailiff.
- The chief magistrate of a Scottish barony or part of a county, with functions like a sheriff's.
- A municipal officer in Scotland corresponding to an English alderman.