[Howard Davies] New rules may stop banks hiding behind borders
Jan 6, 2013
LONDON ― When Mark Carney replaces Mervyn King as governor of the Bank of England in July 2013, the world will be deprived of King’s witty public utterances. My personal favorite came when, commenting on strong retail-sales figures during one Christmas period, he cast doubt on their significance for assessing the state of the economy. “The true meaning of the story of Christmas,” he solemnly intoned, “will not be revealed until Easter, or possibly much later.” A new career on the stage, or in th