Gillian Tett looks beyond yesterday's Today item on "jurisdiction shopping" by banks. She warns there is an unintended consequence of the current worldwide desire to bash the bankers. Legislators in key countries are busy unilaterally changing internationally-agreed rules. Unfortunately, Tett says, this makes it more likely that practices illegal in one country but legal in another will be used to cover up looming catastrophes in the capital markets.

GOLDFRAPP

After my comments about the importance of reading widely (and Allan Little's impassioned guidance on the same theme), Alan McGuinness asked me to recommend my favourite novels about journalists and journalism. You know about Scoop by Evelyn Waugh. I also recommend Towards the End of the Morning by Michael Frayn, The Quiet American by Graham Greene and Yellow Dog by Martin Amis. Of course, journalists should not restrict themselves to fiction about journalists.