The Bankwatch

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BofE Governor in the dark on banking regulation

The management of UK banking/ financial system has become highly politicised reflecting the general Browns government style. This from the meeting yesterday between Mervyn King, Governor of the Bank of England and the Commons committee.

Governor in dark on banking regulation | FT

His comments to MPs on the Commons Treasury committee flabbergasted its members. John McFall, the committee chairman, said the lack of communication at the top level between the Bank, Treasury and Financial Services Authority was unbelievable. “The tripartite authorities are a communications black holes, which is worrying.”

Written by Colin Henderson

June 25, 2009 at 10:20

Posted in UK

Tagged with ,

One Response

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  1. And this all because the government and the committee can’t agree on when the crisis will end… I’d give the Nobel prize to whom will find out just that 😉

    Pierre Relation

    June 26, 2009 at 03:53

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