As governor of the Bank of England, Mervyn King is an influential player in the financial world, yet a speech of his has not received the attention it deserves, columnist Liam Halligan writes. In the speech, King said Basel III rules won't prevent another crisis, and he advocated splitting commercial banks from investment banks. Halligan argues that King appears to be one of the few people in the top tier of financial regulators who are truly tackling the issues. "That's why the rest of us need to get squarely behind him," Halligan writes.

Related Summaries