Former Fed chief and ex-editor join King at FPC

Sir Richard Lambert, Alastair Clark, Michael Cohrs and Donald Kohn will join the FPC, which will be chaired by Bank of England (BoE) governor Mervyn King. The government and the BoE have brought together the group ahead of legislation which will create a permanent FPC to ensure the stability of the financial system as a whole. A lack of a macro-prudential overview to enable the spotting of dangerous financial trends has been highlighted by the government as one of the main flaws of the current regulatory framework. Who's who at the FPC? The interim FPC board will feature member...