Oh, yes, yes, yes: There has been fresh criticism of the way banks were supervised by the Treasury, Bank of England and Financial Services Authority (FSA). The House of Lords Economic Affairs Committee said the so-called tripartite system had failed and must be reformed. Remind me again, which pasty-faced monocular mentalist personally designed the box-ticking fuckup of a system?

John Gieve admits that the Bank of England did not understand the severity of the financial crisis. Such honesty is to be admired. The Bank has been trying to chase one variable (inflation) using one tool (interest rates). This is not enough to keep tabs on a modern financial system. Prior to the 1980s, other forms of credit control existed. They were a more direct way of influencing the economy t...

The European Central Bank said it had allotted €30bn ($42.04bn) in one-day liquidity to counter financial turmoil in the wake of the crisis in the US banking system, while the Bank of England said it would offer £5bn of extra reserves to help stabilise sterling money markets

The Conservatives plan to overhaul the tripartite system giving the Bank of England overarching responsibility for UK financial regulation.

Fears that the financial system will be seriously disrupted in the next three years are at the highest level since 2008, Bank of England survey finds

The Bank of England needs a "radical shake-up" to prevent future financial crises, according to the Treasury select committee.

Autumn's market mayhem has left the world's financial institutions nursing losses of $2.8tn, the Bank of England said today, as it called for fundamental reform of the global banking system to prevent a repeat of turmoil "arguably" unprecedented since the outbreak of the first world war almost a century ago. In its half-yearly health check of the City, the Bank said tougher regulation an...

A sign of the financial crisis times: over the weekend, I took advantage of Open House London to visit various properties that are normally closed to the public (including the modern house on my street - hello neighours!). Chatting to a friend who also visited various properties, I discovered that the Bank of England had

Britain's financial system faces possibility of further instability, with health of insurers and hedge funds among current areas of concern, Bank of England warns

Charlie Bean, Deputy Governor of the Bank of England, wants to cap mortgages to value. By the Bank’s diktat borrowers would have to put down a deposit of between 10% and 25% when they buy a house. Perhaps this is...