King's call to beef up BoE control fails to get City support

Mervyn King, governor of the Bank of England, is pressing for the central bank to have greater control to prevent future crises. Industry groups, including the British Bankers' Association and the Association of British Insurers, continue to support the UK's tripartite system. They are calling for a better relationship between the Bank of England, the Treasury and the Financial Services Authority.

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