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.
Many moons ago, during the period when I worked night shifts in my unintended 2-year break from education, I used to fill my mornings with a spot of dog walking.
So, between the hours of say, 11:00 and 13:00 each day, I would listen to my portable DAB radio and have it tuned into my favourite station, TalkSPORT. Consequently, this would mean listening to a certain Jon Gaunt, a bit of a big mouth that engaged in 'fierce debates' about the issues of the day.
