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.
The print news day that was disappointingly cancelled because of the weather on 18 December has been rescheduled for Wednesday 20 January 2010. The same editors, Rob Hayes and Zehra Mullick, will be in the hot seats and their teams will remain unchanged. As before, each team will be required to produce a 16-page newspaper containing international, national and local news by 5pm.
