FT.com / Columnists / John Kay - Our banks are beyond the control of mere mortals

FT.com / Columnists / John Kay - Our banks are beyond the control of mere mortals: "The hapless four were criticised for their lack of banking expertise but it is, in fact, not clear what modern banking expertise is. The world of modern banking requires all the skills of these gentlemen, plus some others, and no one can expect to have all these attributes."

But you have to start somewhere, as with the regulators you need someone with relevant experience and qualifications. You can't have a man who once regulated gas overseeing the the banks can you? Would you go to a butcher to have your teeth looked at? No.