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 Centre for Journalism today welcomes an accreditation panel from the Broadcast Journalism Training Council. Steve Harris from the BJTC, Robin Elias, managing editor of ITV News, and Nick Myers, editorial training manager of ITV News, will spend the day talking to students and staff at the centre, examining the facilities and looking at students' work.
Alan McGuinness has been named as the first recipient of the Sky News Bob Friend Memorial Scholarship. He will formally receive the award from head of Sky News John Ryley on February 9 at the inaugural Sky Bob Friend Memorial lecture in the Pilkinton Building.
Its first cohort of undergraduates enrolled in September 2008 and its teaching staff include Prof. Tim Luckhurst, Ian Reeves, Sarah Lonsdale, Richard Pendry and Dr Suzanne Franks.
Watch a slideshow of the how the Centre for Journalism newsroom took shape.