Darling vs King: Blood on the tablecloth - Business Analysis & Features, Business - The Independent: "At the Mansion House dinner in London, the Governor took careful aim; more power to the Bank of England, he cried. But what of the Chancellor? He wants a strengthened FSA. Richard Northedge untangles the Gordian Knot of banking reform"
How many times does this author need to say "strenghthen the FSA not the BofE"?
When the FSA took over the regulation of banks it also inherited 740 BofE staff, their gold-plated pension scheme and their decrepit computers.
They still missed the regulatory gap that the banking system fell through!!
Does it matter where these people shuffle their papers? Would they be more competent in Threadneedle Street than they are at Canary Wharf?
Evan Owen
The IFA Defence Union (IFADU)
www.ifadu.co.uk
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