<Tr> <Th> Currently </Th> <Td> Nicholas Hilliard </Td> </Tr> <Tr> <Th> Since </Th> <Td> 6 January 2015 </Td> </Tr> <P> The Central Criminal Court of England and Wales, commonly referred to as the Old Bailey from the street on which it stands, is a court in London and one of a number of buildings housing the Crown Court . Part of the present building stands on the site of the medieval Newgate gaol, on a road named Old Bailey that follows the line of the City of London's fortified wall (or bailey), which runs from Ludgate Hill to the junction of Newgate Street and Holborn Viaduct . The Old Bailey has been housed in several structures near this location since the sixteenth century, and its present building dates from 1902 . </P> <P> The Crown Court sitting at the Central Criminal Court deals with major criminal cases from within Greater London and in exceptional cases, from other parts of England and Wales . Trials at the Old Bailey, as at other courts, are open to the public; however, they are subject to stringent security procedures . </P>

How did the old bailey get its name
find me the text answering this question