Tories consider giving City regulation back to Bank - Telegraph: "A Conservative government would return responsibility for City regulation back to the Bank of England, it emerged yesterday."
As long as all the foemr BofE employees and their pension scheme are returned and they actually do some regulating then that would be acceptable in principle. However, the many nundreds of these people have already allowed the banking system to fall between the regulatory gaps, would it be any different if they were sent back from whence they came?
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