Bank tension over regulation shake-up - Times Online: "He agreed with Conservative MPs on the committee that the system of bank regulation is “a mess”."
Regulation is bust, the only one who is prepared to admit as much is King, it therefore follows that he is unlikely to be consulted. We cannot imagine HM Gov disassembling the FSA, after all it was once held up as a beacon of.... er... well whatever it was designed to do but didn't.
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